Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Down – What’s Next?

Wolters Kluwer NV (OTCMKTS:WTKWY) gapped down before the market opened on Tuesday . The stock had previously closed at $83.35, but opened at $80.51. Wolters Kluwer shares last traded at $81.25, with a volume of 2,243 shares changing hands.

Analyst Upgrades and Downgrades

WTKWY has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Wolters Kluwer in a research note on Wednesday, June 3rd. They set a “neutral” rating on the stock. Zacks Research upgraded Wolters Kluwer from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Wolters Kluwer currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Trading Down 0.7%

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 firm’s 50-day simple moving average is $73.77 and its two-hundred day simple moving average is $74.55.

About Wolters Kluwer

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.