Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up After Analyst Upgrade

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) gapped up prior to trading on Monday after TD Securities upgraded the stock to a strong-buy rating. The stock had previously closed at $77.00, but opened at $81.75. Wolters Kluwer shares last traded at $80.98, with a volume of 3,756 shares traded.

A number of other research analysts have also weighed in on the company. TD Cowen began coverage on Wolters Kluwer in a research note on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Wolters Kluwer in a research note on Wednesday, June 3rd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Wolters Kluwer Trading Up 5.6%

The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92. The firm has a 50 day moving average price of $77.29 and a two-hundred day moving average price of $74.96.

About Wolters Kluwer

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.