Wolters Kluwer (OTCMKTS:WTKWY) Reaches New 1-Year Low - Should You Sell?

Key Points

• Wolters Kluwer stock reached a new 52-week low, trading at $145.28 before closing at $146.17, showing significant declines from its prior close of $152.59.
• Despite this drop, Sanford C. Bernstein has upgraded the company's rating to "hold," indicating potential growth forecasts.
• The company recently announced an increase in its dividend, paying out $1.3372 per share, significantly higher than the previous dividend of $0.77, reflecting a yield of 118.0%.

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $145.28 and last traded at $146.17, with a volume of 639 shares trading hands. The stock had previously closed at $152.59.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Wolters Kluwer to a "hold" rating in a research report on Thursday, July 17th.

Wolters Kluwer Stock Down 3.5%

The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.68 and a current ratio of 0.70. The business has a 50 day moving average price of $164.27 and a 200-day moving average price of $168.44.

Wolters Kluwer Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $1.3372 dividend. This is a boost from Wolters Kluwer's previous dividend of $0.77. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 118.0%.

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.