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Wolters Kluwer (OTCMKTS:WTKWY) Stock Crosses Below 50 Day Moving Average - What's Next?

Wolters Kluwer logo with Business Services background

Key Points

  • Wolters Kluwer's stock price dropped below its fifty-day moving average of $138.95, trading as low as $130.76 before settling at $133.60 with a volume of 118,024 shares.
  • The company recently declared a dividend of $0.9147 per share, set to be paid on September 25th, representing a significant dividend yield of 179.0%.
  • Analysts have positively rated the stock, with Sanford C. Bernstein upgrading it from a "hold" to an "outperform" rating, contributing to an average rating of "Strong Buy" from market analysts.
  • Five stocks we like better than Wolters Kluwer.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $138.95 and traded as low as $130.76. Wolters Kluwer shares last traded at $133.60, with a volume of 118,024 shares trading hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded Wolters Kluwer from a "hold" rating to an "outperform" rating in a research note 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 company. According to data from MarketBeat, Wolters Kluwer presently has an average rating of "Strong Buy".

View Our Latest Research Report on Wolters Kluwer

Wolters Kluwer Trading Down 0.7%

The company has a fifty day moving average of $138.95 and a 200 day moving average of $157.70. 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 declared a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be issued a $0.9147 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a dividend yield of 179.0%.

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.

Further Reading

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