Robert Walters (LON:RWA) Trading Down 7% - Here's Why

Key Points

• Robert Walters shares fell 7% on Tuesday, trading as low as GBX 92 before last changing hands at GBX 97.60, well below the prior close of GBX 105.
• Trading volume surged to about 685,548 shares, roughly 400% above the stock’s average daily volume, indicating unusually heavy investor activity.
• Analysts remain cautious: Deutsche Bank reiterated a "hold" rating with a GBX 100 price target, matching the broader consensus hold view and average target.

Robert Walters plc (LON:RWA - Get Free Report) shares dropped 7% on Tuesday . The company traded as low as GBX 92 and last traded at GBX 97.60. Approximately 685,548 shares traded hands during trading, an increase of 400% from the average daily volume of 137,227 shares. The stock had previously closed at GBX 105.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 100 target price on shares of Robert Walters in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 100.

Robert Walters Trading Down 7.0%

The company has a debt-to-equity ratio of 89.82, a quick ratio of 1.52 and a current ratio of 1.28. The company has a market cap of £64.20 million, a price-to-earnings ratio of -2.40, a P/E/G ratio of 0.08 and a beta of 0.80. The company's fifty day moving average is GBX 87.33 and its two-hundred day moving average is GBX 103.33.

Insider Transactions at Robert Walters

In other Robert Walters news, insider Andrew Rashbass bought 21,739 shares of Robert Walters stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of GBX 92 per share, with a total value of £19,999.88. Also, insider Toby Fowlston bought 9,930 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of GBX 99 per share, with a total value of £9,830.70. Insiders have acquired 91,669 shares of company stock worth $8,683,058 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.