Rewalk Robotics (NASDAQ:RWLK) Lowered to Hold at ValuEngine

ValuEngine cut shares of Rewalk Robotics (NASDAQ:RWLK) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research raised Rewalk Robotics from a sell rating to a hold rating in a research report on Tuesday, October 15th.

Shares of RWLK stock traded down $0.10 during trading hours on Thursday, reaching $1.99. 76,800 shares of the company’s stock were exchanged, compared to its average volume of 553,210. The stock’s 50 day moving average is $2.83 and its 200-day moving average is $3.53. The company has a market cap of $16.36 million, a price-to-earnings ratio of -0.14 and a beta of 1.56. The company has a current ratio of 2.66, a quick ratio of 3.09 and a debt-to-equity ratio of 0.30. Rewalk Robotics has a fifty-two week low of $1.94 and a fifty-two week high of $10.08.

Rewalk Robotics (NASDAQ:RWLK) last issued its quarterly earnings results on Wednesday, November 13th. The medical device company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). The business had revenue of $1.23 million for the quarter, compared to analyst estimates of $3.27 million. Rewalk Robotics had a negative return on equity of 192.14% and a negative net margin of 322.41%. Equities analysts anticipate that Rewalk Robotics will post -2.62 EPS for the current year.

An institutional investor recently bought a new position in Rewalk Robotics stock. Gabelli Funds LLC purchased a new position in shares of Rewalk Robotics Ltd (NASDAQ:RWLK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,064 shares of the medical device company’s stock, valued at approximately $118,000. Gabelli Funds LLC owned approximately 0.60% of Rewalk Robotics at the end of the most recent quarter. Hedge funds and other institutional investors own 7.60% of the company’s stock.

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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