Rewalk Robotics (RWLK) Sees Large Volume Increase

Rewalk Robotics Ltd (NASDAQ:RWLK) saw unusually-high trading volume on Thursday . Approximately 4,202,871 shares traded hands during mid-day trading, a decline of 44% from the previous session’s volume of 7,499,691 shares.The stock last traded at $0.24 and had previously closed at $0.23.

Separately, ValuEngine lowered shares of Rewalk Robotics from a “hold” rating to a “sell” rating in a report on Friday, December 7th.

The company has a debt-to-equity ratio of 3.59, a current ratio of 2.46 and a quick ratio of 2.04. The company has a market capitalization of $16.64 million, a price-to-earnings ratio of -0.41 and a beta of 1.79.

Rewalk Robotics (NASDAQ:RWLK) last posted its quarterly earnings results on Friday, February 8th. The medical device company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. Rewalk Robotics had a negative return on equity of 3,654.32% and a negative net margin of 331.18%. The business had revenue of $1.58 million during the quarter.

A hedge fund recently bought a new stake in Rewalk Robotics stock. Geode Capital Management LLC bought a new stake in shares of Rewalk Robotics Ltd (NASDAQ:RWLK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 284,311 shares of the medical device company’s stock, valued at approximately $49,000. Geode Capital Management LLC owned about 0.79% of Rewalk Robotics as of its most recent filing with the Securities and Exchange Commission. 6.51% of the stock is owned by hedge funds and other institutional investors.

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About Rewalk Robotics (NASDAQ:RWLK)

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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