Wolters Kluwer (OTCMKTS:WTKWY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $107.11 and traded as low as $75.87. Wolters Kluwer shares last traded at $77.11, with a volume of 177,219 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WTKWY shares. Zacks Research lowered Wolters Kluwer from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Citigroup began coverage on Wolters Kluwer in a report on Monday, January 12th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Wolters Kluwer from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Wolters Kluwer currently has a consensus rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

The company has a 50-day moving average of $86.63 and a 200-day moving average of $107.11. The company has a debt-to-equity ratio of 5.05, a current ratio of 0.71 and a quick ratio of 0.69.

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.