Wolters Kluwer (OTCMKTS:WTKWY) Sees Large Volume Increase – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY) shares saw an uptick in trading volume on Thursday . 589,390 shares changed hands during mid-day trading, an increase of 286% from the previous session’s volume of 152,502 shares.The stock last traded at $77.3430 and had previously closed at $75.16.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Citigroup began coverage on shares of Wolters Kluwer in a research note 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 given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Wolters Kluwer Stock Up 3.1%

The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 5.05. The business’s 50 day moving average is $93.40 and its 200-day moving average is $112.13.

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.