Wolters Kluwer (OTCMKTS:WTKWY) Sets New 12-Month Low - What's Next?

Key Points

• Wolters Kluwer's shares hit a new 52-week low of $128.73 during trading, with the last transaction at $131.10.
• Analysts upgraded the stock to a "hold" rating, while the current consensus rating remains a "Buy."
• The company's financial ratios indicate potential concerns, including a debt-to-equity ratio of 2.18 and a current ratio of 0.70.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $128.73 and last traded at $131.10, with a volume of 8697 shares. The stock had previously closed at $131.62.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Wolters Kluwer to a "hold" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy".

Wolters Kluwer Stock Performance

The firm's fifty day moving average is $154.94 and its 200 day moving average is $164.74. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 2.18.

Wolters Kluwer Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be issued a dividend of $0.9147 per share. This represents a yield of 179.0%. The ex-dividend date is Wednesday, August 27th.

About Wolters Kluwer

Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments.