Rewalk Robotics Ltd (NASDAQ:RWLK)’s share price shot up 6.4% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $1.25 and last traded at $1.17. 969,154 shares changed hands during mid-day trading, an increase of 256% from the average session volume of 272,401 shares. The stock had previously closed at $1.10.
The medical device company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. Rewalk Robotics had a negative return on equity of 741.83% and a negative net margin of 318.81%. The company had revenue of $1.52 million during the quarter, compared to analysts’ expectations of $1.76 million.
A number of research firms have recently commented on RWLK. Oppenheimer set a $3.00 price target on Rewalk Robotics and gave the stock a “buy” rating in a report on Tuesday, December 26th. Barclays reissued a “sell” rating and set a $1.00 price target on shares of Rewalk Robotics in a report on Friday. ValuEngine raised Rewalk Robotics from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $3.00 price target on shares of Rewalk Robotics in a report on Sunday, January 7th. Finally, Zacks Investment Research cut Rewalk Robotics from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.75.
The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 7.46.
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About Rewalk Robotics
ReWalk Robotics Ltd. is a medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow individuals with mobility impairments or other medical conditions the ability to stand and walk once again. The Company offers ReWalk, which is 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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