Wolters Kluwer (OTCMKTS:WTKWY) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Key Points

• Wolters Kluwer's shares fell below their 50-day moving average, moving to a low of $130.00, with the last traded price at $131.16.
• Analysts have upgraded the stock from a "hold" to an "outperform" rating, resulting in an average rating of "Strong Buy" overall.
• The company recently declared a dividend of $0.9147, payable on September 25th, with a notable dividend yield of 179.0%.

Shares of Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $142.34 and traded as low as $130.00. Wolters Kluwer shares last traded at $131.16, with a volume of 76,782 shares trading hands.

Analyst Ratings Changes

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

Wolters Kluwer Price Performance

The firm's 50 day moving average price is $142.34 and its two-hundred day moving average price is $158.57. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 2.18.

Wolters Kluwer Cuts Dividend

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

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.

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