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

Key Points

• Wolters Kluwer's stock reached a new 52-week low at $121.40, closing at $123.08 after a 2.5% decline in value.
• Despite this downturn, analysts rate the stock as a "Buy" consensus, with Sanford C. Bernstein upgrading it to a "hold".
• The company also announced a dividend payment of $0.9147 per share, reflecting a remarkable 179.0% dividend yield.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $121.40 and last traded at $123.08, with a volume of 2547 shares trading hands. The stock had previously closed at $125.78.

Analyst Ratings Changes

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

Wolters Kluwer Trading Up 1.5%

The firm has a fifty day moving average of $147.23 and a 200 day moving average of $160.63. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 2.18.

Wolters Kluwer Cuts Dividend

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

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.