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Wolters Kluwer (OTCMKTS:WTKWY) Sees Unusually-High Trading Volume - Here's What Happened

Wolters Kluwer logo with Business Services background

Key Points

  • Wolters Kluwer experienced a significant increase in trading volume, with 147,797 shares traded, marking a 231% rise compared to the previous session.
  • Sanford C. Bernstein upgraded the stock's rating from "hold" to "outperform," contributing to an overall strong buy sentiment among analysts.
  • The company announced a dividend of $0.9147 per share, with a yield of 179.0%, set to be paid on September 25th.
  • MarketBeat previews top five stocks to own in October.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) saw an uptick in trading volume on Thursday . 147,797 shares changed hands during trading, an increase of 231% from the previous session's volume of 44,719 shares.The stock last traded at $132.23 and had previously closed at $133.60.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Wolters Kluwer from a "hold" rating to an "outperform" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Strong Buy".

Get Our Latest Analysis on WTKWY

Wolters Kluwer Price Performance

The business's 50-day simple moving average is $138.95 and its two-hundred day simple moving average is $157.70. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.70 and a quick ratio of 0.68.

Wolters Kluwer Cuts Dividend

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

About Wolters Kluwer

(Get Free Report)

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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