Robert Walters (LON:RWA) Stock Passes Below 200 Day Moving Average – Here’s Why

Robert Walters plc (LON:RWA)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.82 and traded as low as GBX 76.77. Robert Walters shares last traded at GBX 80, with a volume of 667,160 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Robert Walters from GBX 230 to GBX 200 and set a “buy” rating for the company in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 200.

Robert Walters Stock Up 1.0%

The stock has a 50-day moving average of GBX 115.01 and a 200 day moving average of GBX 128.82. The company has a market capitalization of £52.62 million, a PE ratio of -3.57, a P/E/G ratio of 0.08 and a beta of 0.53. The company has a quick ratio of 1.52, a current ratio of 1.28 and a debt-to-equity ratio of 89.82.

Robert Walters (LON:RWA) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX (40.70) earnings per share for the quarter. Robert Walters had a negative return on equity of 24.67% and a negative net margin of 3.43%. Sell-side analysts anticipate that Robert Walters plc will post 61.5448447 EPS for the current year.

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.