Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up – Should You Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $71.17, but opened at $75.59. Wolters Kluwer shares last traded at $75.17, with a volume of 4,290 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on WTKWY. The Goldman Sachs Group began coverage on Wolters Kluwer in a research note on Wednesday, June 3rd. They issued 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. Finally, Citigroup reiterated a “buy” rating on shares of Wolters Kluwer in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Up 8.2%

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 $69.59 and its 200 day simple moving average is $77.33.

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.