Wolters Kluwer (OTCMKTS:WTKWY) Sees Large Volume Increase – Still a Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY) shares saw strong trading volume on Wednesday . 403,085 shares traded hands during trading, an increase of 180% from the previous session’s volume of 144,005 shares.The stock last traded at $73.26 and had previously closed at $73.44.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Citigroup started coverage on Wolters Kluwer in a report on Monday, January 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, Wolters Kluwer currently has an average rating of “Buy”.

Wolters Kluwer Trading Down 1.6%

The company has a debt-to-equity ratio of 5.05, a current ratio of 0.71 and a quick ratio of 0.69. The firm’s fifty day simple moving average is $97.26 and its 200-day simple moving average is $115.01.

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.