ReWalk Robotics (NASDAQ:RWLK – Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
ReWalk Robotics (NASDAQ:RWLK – Get Free Report) last released its earnings results on Friday, August 11th. The medical device company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $1.34 million during the quarter, compared to the consensus estimate of $1.34 million. ReWalk Robotics had a negative return on equity of 27.83% and a negative net margin of 350.43%. On average, analysts expect ReWalk Robotics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ReWalk Robotics Price Performance
RWLK opened at $0.70 on Friday. The company has a market capitalization of $41.96 million, a price-to-earnings ratio of -2.12 and a beta of 2.37. ReWalk Robotics has a 1-year low of $0.56 and a 1-year high of $0.98. The business has a 50 day moving average price of $0.73 and a two-hundred day moving average price of $0.68.
Analyst Upgrades and Downgrades
In related news, major shareholder Global Fund Lp Lind II acquired 5,031,200 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was bought at an average price of $0.70 per share, for a total transaction of $3,521,840.00. Following the transaction, the insider now owns 9,890,010 shares of the company’s stock, valued at $6,923,007. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders purchased 5,110,429 shares of company stock worth $3,573,481. Insiders own 2.10% of the company’s stock.
Institutional Trading of ReWalk Robotics
A number of hedge funds have recently bought and sold shares of RWLK. Renaissance Technologies LLC lifted its position in shares of ReWalk Robotics by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 222,500 shares of the medical device company’s stock valued at $134,000 after acquiring an additional 42,000 shares in the last quarter. Millennium Management LLC raised its stake in ReWalk Robotics by 42.9% during the 4th quarter. Millennium Management LLC now owns 139,009 shares of the medical device company’s stock valued at $106,000 after purchasing an additional 41,753 shares during the period. Finally, Virtu Financial LLC lifted its holdings in shares of ReWalk Robotics by 249.6% in the fourth quarter. Virtu Financial LLC now owns 47,638 shares of the medical device company’s stock valued at $36,000 after purchasing an additional 34,013 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.
ReWalk Robotics Company Profile
ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes robotic exoskeletons for individuals with mobility impairments or other medical conditions in the United States, Europe, the Asia-Pacific, and Africa. The company offers ReWalk Personal and ReWalk Rehabilitation for spinal cord injuries and everyday use by paraplegic individuals at home and in communities; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke in the clinical rehabilitation environment; and MyoCycle and MediTouch tutor movement biofeedback devices for use at home or in clinic.
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