Wolters Kluwer (OTCMKTS:WTKWY) Sees Large Volume Increase – Time to Buy?

Wolters Kluwer NV (OTCMKTS:WTKWY) saw unusually-strong trading volume on Wednesday . Approximately 403,085 shares were traded during mid-day 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

WTKWY has been the topic of a number of research analyst reports. Citigroup began coverage on Wolters Kluwer in a research note on Monday, January 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Wolters Kluwer from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Wolters Kluwer Trading Down 1.6%

The business has a fifty day moving average price of $97.26 and a 200 day moving average price of $115.01. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 5.05.

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.