Wolters Kluwer (OTCMKTS:WTKWY) Reaches New 12-Month Low - Here's Why

Key Points

• Wolters Kluwer's stock reached a new 12-month low at $134.92, reflecting a decline from the previous close of $138.68 with a trading volume of 180,230 shares.
• Analysts from Sanford C. Bernstein upgraded Wolters Kluwer's rating to "hold" on July 17th, indicating a shift in market sentiment.
• The company recently increased its dividend to $1.3372 per share, representing a significant yield of 118.0%, up from the previous dividend of $0.77.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $134.92 and last traded at $135.03, with a volume of 180230 shares changing hands. The stock had previously closed at $138.68.

Wall Street Analyst Weigh In

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

Wolters Kluwer Trading Up 0.2%

The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 2.18. The company has a 50 day simple moving average of $159.90 and a 200-day simple moving average of $166.89.

Wolters Kluwer Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a dividend of $1.3372 per share. This is a positive change from Wolters Kluwer's previous dividend of $0.77. This represents a dividend yield of 118.0%. The ex-dividend date was Tuesday, May 20th.

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.