Wolters Kluwer (OTCMKTS:WTKWY) Hits New 52-Week Low – Here’s Why
by Tristan Rich · The Markets DailyShares of Wolters Kluwer NV (OTCMKTS:WTKWY – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $64.27 and last traded at $64.42, with a volume of 2630 shares. The stock had previously closed at $64.87.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on WTKWY shares. The Goldman Sachs Group initiated coverage on shares of Wolters Kluwer in a report on Wednesday, June 3rd. They issued a “neutral” rating for the company. Zacks Research raised shares of Wolters Kluwer from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Wolters Kluwer in a research note on Thursday, April 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wolters Kluwer currently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on WTKWY
Wolters Kluwer Stock Performance
The stock’s fifty day moving average price is $73.47 and its 200-day moving average price is $83.29. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92.
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.