Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Down - What's Next?

Key Points

• Wolters Kluwer shares experienced a gap down prior to trading, opening at $133.36 compared to the previous close of $137.16, and last traded at $135.21.
• Sanford C. Bernstein upgraded Wolters Kluwer's rating from "hold" to "outperform", contributing to a consensus rating of "Strong Buy" among analysts.
• The company recently declared a dividend of $0.9147 per share, representing a substantial yield of 179.0%, paid out on September 25th.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $137.16, but opened at $133.36. Wolters Kluwer shares last traded at $135.21, with a volume of 23,460 shares changing hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Wolters Kluwer Trading Down 2.0%

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 stock has a 50 day moving average of $136.66 and a 200 day moving average of $157.17.

Wolters Kluwer Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were given a dividend of $0.9147 per share. This represents a dividend yield of 179.0%. The ex-dividend date of this dividend was 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.

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