ReWalk Robotics Ltd. (RWLK) Trading Down 4.1%
ReWalk Robotics Ltd. (NASDAQ:RWLK)’s share price dropped 4.1% on Wednesday . The company traded as low as $5.63 and last traded at $5.68, with a volume of 62,272 shares traded. The stock had previously closed at $5.92.
RWLK has been the topic of a number of recent research reports. Zacks Investment Research lowered ReWalk Robotics from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Piper Jaffray Cos. initiated coverage on ReWalk Robotics in a research note on Friday, July 15th. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, Canaccord Genuity reissued a “buy” rating on shares of ReWalk Robotics in a research note on Sunday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ReWalk Robotics presently has an average rating of “Buy” and an average target price of $12.80.
The firm’s market cap is $70.90 million. The company’s 50 day moving average price is $6.13 and its 200-day moving average price is $7.67.
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ReWalk Robotics (NASDAQ:RWLK) last issued its earnings results on Thursday, August 4th. The medical device company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.11. The business had revenue of $0.82 million for the quarter, compared to analysts’ expectations of $1.95 million. ReWalk Robotics had a negative return on equity of 163.18% and a negative net margin of 556.61%. ReWalk Robotics’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts expect that ReWalk Robotics Ltd. will post ($2.34) EPS for the current fiscal year.
In other news, major shareholder Scp Vitalife Partners (Israel) sold 25,038 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $6.37, for a total transaction of $159,492.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne Weisman sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $6.37, for a total value of $637,000.00. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
A hedge fund recently bought a new stake in ReWalk Robotics stock. A.R.T. Advisors LLC acquired a new stake in shares of ReWalk Robotics Ltd. (NASDAQ:RWLK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,711 shares of the medical device company’s stock, valued at approximately $134,000. A.R.T. Advisors LLC owned approximately 0.17% of ReWalk Robotics as of its most recent SEC filing. Institutional investors own 4.91% of the company’s stock.
About ReWalk Robotics
ReWalk Robotics Ltd. is a medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow wheelchair-bound individuals with mobility impairments or other medical conditions the ability to stand and walk. The Company offers ReWalk, an exoskeleton that uses its tilt-sensor technology, and an on-board computer and motion sensors to drive motorized legs that power movement.
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