Wolters Kluwer (OTCMKTS:WTKWY) Hits New 52-Week Low – Here’s Why

Wolters Kluwer NV (OTCMKTS:WTKWY) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $100.25 and last traded at $104.9625, with a volume of 1088 shares changing hands. The stock had previously closed at $104.32.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WTKWY shares. Sanford C. Bernstein raised shares of Wolters Kluwer from a “hold” rating to an “outperform” rating in a research report 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 research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, Wolters Kluwer presently has an average rating of “Buy”.

Wolters Kluwer Stock Up 0.2%

The company’s fifty day simple moving average is $111.53 and its 200-day simple moving average is $133.08.

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.