Wolters Kluwer (OTCMKTS:WTKWY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Wolters Kluwer NV (OTCMKTS:WTKWY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $69.60 and traded as high as $70.40. Wolters Kluwer shares last traded at $70.35, with a volume of 131,369 shares trading hands.

Analyst Upgrades and Downgrades

WTKWY has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Wolters Kluwer in a research report on Thursday, April 9th. Zacks Research upgraded shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Wolters Kluwer in a research note on Wednesday, June 3rd. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.63 and a current ratio of 0.65. The company has a 50 day moving average price of $69.60 and a 200-day moving average price of $78.34.

Wolters Kluwer Company Profile

Wolters Kluwer is a global information services and software company that provides professional information, software solutions and related services to customers in the health, tax & accounting, governance, risk & compliance, and legal sectors. Headquartered in the Netherlands, the company operates internationally and its shares are listed on Euronext Amsterdam; its American Depositary Receipts trade on the OTC market under the symbol WTKWY.

The company’s offerings center on subscription-based digital products and workflow tools designed to help professionals make decisions, meet regulatory requirements and improve operational efficiency.