ValuEngine Downgrades Rewalk Robotics (NASDAQ:RWLK) to Sell

ValuEngine cut shares of Rewalk Robotics (NASDAQ:RWLK) from a hold rating to a sell rating in a research note issued to investors on Wednesday, May 8th, ValuEngine reports.

Separately, HC Wainwright restated a neutral rating on shares of Rewalk Robotics in a research report on Friday, March 15th.

RWLK stock opened at $2.95 on Wednesday. Rewalk Robotics has a 12 month low of $2.46 and a 12 month high of $33.75. The company has a market cap of $13.33 million, a P/E ratio of -0.20 and a beta of 1.59. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 3.50.

Rewalk Robotics (NASDAQ:RWLK) last released its earnings results on Tuesday, May 7th. The medical device company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($1.00) by ($0.25). The company had revenue of $1.58 million for the quarter, compared to analyst estimates of $1.62 million. Equities analysts predict that Rewalk Robotics will post -2.41 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Rewalk Robotics stock. Geode Capital Management LLC acquired a new stake in Rewalk Robotics Ltd (NASDAQ:RWLK) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 284,311 shares of the medical device company’s stock, valued at approximately $49,000. Geode Capital Management LLC owned 0.79% of Rewalk Robotics as of its most recent filing with the SEC.

Rewalk Robotics Company Profile

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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