Wolters Kluwer (OTCMKTS:WTKWY) Reaches New 1-Year Low - Here's What Happened

Key Points

• Wolters Kluwer stock hit a new 52-week low at $127.76, last trading at $128.97 with a trading volume of 8,022 shares.
• Analysts have a mixed outlook, with one analyst rating it as a Strong Buy and another as a Hold, resulting in an average rating of "Buy."
• The company recently declared a dividend of $0.9147, leading to a significant dividend yield of 179.0%.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $127.76 and last traded at $128.97, with a volume of 8022 shares trading hands. The stock had previously closed at $130.68.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Wolters Kluwer to a "hold" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Wolters Kluwer Trading Down 1.6%

The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 2.18. The company's fifty day moving average price is $153.54 and its 200 day moving average price is $164.02.

Wolters Kluwer Cuts Dividend

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

Wolters Kluwer Company Profile

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.

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