Rewalk Robotics (NASDAQ:RWLK) posted its earnings results on Thursday. The medical device company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01, Morningstar.com reports. The business had revenue of $1.62 million for the quarter, compared to analyst estimates of $2.12 million. Rewalk Robotics had a negative return on equity of 3,654.32% and a negative net margin of 365.87%. Rewalk Robotics updated its FY 2018 guidance to EPS.
RWLK remained flat at $$0.67 during trading on Friday. The company had a trading volume of 433,778 shares, compared to its average volume of 191,463. The company has a market cap of $25.92 million, a P/E ratio of -0.68 and a beta of 0.77. Rewalk Robotics has a twelve month low of $0.65 and a twelve month high of $1.60.
A number of research firms recently weighed in on RWLK. Zacks Investment Research lowered Rewalk Robotics from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Oppenheimer set a $2.00 target price on Rewalk Robotics and gave the stock a “buy” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Rewalk Robotics presently has an average rating of “Hold” and an average price target of $1.85.
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About Rewalk Robotics
ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe.
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