Rewalk Robotics (RWLK) Releases Earnings Results, Beats Expectations By $0.01 EPS
Rewalk Robotics (NASDAQ:RWLK) announced its quarterly earnings data on Thursday. The medical device company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01, Morningstar.com reports. Rewalk Robotics had a negative return on equity of 3,654.32% and a negative net margin of 365.87%. The company had revenue of $1.62 million during the quarter, compared to the consensus estimate of $2.12 million. Rewalk Robotics updated its FY 2018 guidance to EPS.
Shares of RWLK remained flat at $$0.67 during mid-day trading on Friday. The stock had a trading volume of 433,778 shares, compared to its average volume of 191,463. The stock has a market capitalization of $25.92 million, a price-to-earnings ratio of -0.68 and a beta of 0.77. Rewalk Robotics has a one year low of $0.65 and a one year high of $1.60.
A number of analysts have recently issued reports on RWLK shares. Zacks Investment Research upgraded Rewalk Robotics from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Thursday, August 30th. Oppenheimer restated a “buy” rating on shares of Rewalk Robotics in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.85.
About Rewalk Robotics
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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