Wolters Kluwer (OTCMKTS:WTKWY) Sets New 52-Week Low - Here's What Happened

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.

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

Wall Street Analysts Forecast Growth

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

Wolters Kluwer Trading Up 0.2%

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 firm has a fifty day moving average of $159.00 and a 200 day moving average of $166.55.

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.