Robert Walters (LON:RWA) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• Robert Walters plc's stock price has fallen below its 200-day moving average, trading at GBX 135 ($1.82) after hitting a low of GBX 133.50 ($1.80).
• Deutsche Bank has dropped its price target for Robert Walters from GBX 350 to GBX 280 while maintaining a "buy" rating.
• The company reported a quarterly earnings per share of GBX (17) (($0.23)) and has a market cap of £95.27 million.

Robert Walters plc (LON:RWA - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 214.15 ($2.89) and traded as low as GBX 133.50 ($1.80). Robert Walters shares last traded at GBX 135 ($1.82), with a volume of 110,389 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their target price on Robert Walters from GBX 350 to GBX 280 and set a "buy" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 280.

Robert Walters Trading Up 9.2%

The firm has a 50 day simple moving average of GBX 164.15 and a 200 day simple moving average of GBX 210.03. The firm has a market cap of £106.32 million, a P/E ratio of 17.19, a P/E/G ratio of 0.08 and a beta of 1.22. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.52 and a current ratio of 1.47.

Robert Walters (LON:RWA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported GBX (17) earnings per share for the quarter. Robert Walters had a net margin of 0.58% and a return on equity of 3.65%. On average, equities research analysts predict that Robert Walters plc will post 61.5448447 EPS for the current fiscal year.

Robert Walters Company Profile

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.