Wolters Kluwer (OTCMKTS:WTKWY) Sees Strong Trading Volume – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY) shares saw unusually-high trading volume on Monday . Approximately 163,634 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 58,410 shares.The stock last traded at $108.18 and had previously closed at $103.20.

Analysts Set New Price Targets

WTKWY has been the topic of a number of analyst reports. Sanford C. Bernstein raised shares of Wolters Kluwer from a “hold” rating to an “outperform” rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Wolters Kluwer from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Wolters Kluwer Trading Up 5.2%

The company’s 50-day moving average price is $108.91 and its 200-day moving average price is $130.55. The company has a debt-to-equity ratio of 5.05, a current ratio of 0.71 and a quick ratio of 0.69.

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.