Robert Walters (LON:RWA) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Robert Walters plc (LON:RWA) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 107.85 and traded as low as GBX 80. Robert Walters shares last traded at GBX 83.20, with a volume of 17,368 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 price target on shares of Robert Walters in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 100.

Robert Walters Trading Up 0.8%

The stock has a market capitalization of £54.73 million, a price-to-earnings ratio of -2.04, a P/E/G ratio of 0.08 and a beta of 0.78. The company has a debt-to-equity ratio of 89.82, a quick ratio of 1.52 and a current ratio of 1.28. The firm has a fifty day moving average of GBX 89.93 and a 200-day moving average of GBX 107.85.

Insiders Place Their Bets

In related news, insider Leslie Van de Walle bought 30,000 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of GBX 94 per share, for a total transaction of £28,200. Also, insider Toby Fowlston bought 9,930 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average price of GBX 99 per share, for a total transaction of £9,830.70. Insiders have purchased a total of 91,669 shares of company stock worth $8,683,058 over the last quarter. 3.90% of the stock is owned by corporate insiders.

Robert Walters Company Profile

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.