Robert Walters (LON:RWA) Stock Crosses Below 200-Day Moving Average – What’s Next?

Robert Walters plc (LON:RWA)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 103.73 and traded as low as GBX 83.60. Robert Walters shares last traded at GBX 84.20, with a volume of 510,694 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 target price on shares of Robert Walters in a research report on Thursday, April 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 100.

Robert Walters Stock Up 1.4%

The firm has a 50-day moving average of GBX 87.13 and a 200 day moving average of GBX 103.73. The company has a current ratio of 1.28, a quick ratio of 1.52 and a debt-to-equity ratio of 89.82. The stock has a market capitalization of £55.39 million, a price-to-earnings ratio of -2.07, a price-to-earnings-growth ratio of 0.08 and a beta of 0.80.

Insider Buying and Selling

In other news, insider Leslie Van de Walle acquired 30,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of GBX 94 per share, with a total value of £28,200. Also, insider Andrew Rashbass bought 21,739 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of GBX 92 per share, with a total value of £19,999.88. Insiders have bought 91,669 shares of company stock valued at $8,683,058 in the last quarter. Company insiders own 3.90% of the company’s stock.

About Robert Walters

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.