Robert Walters (LON:RWA) Stock Price Down 7% – Here’s Why

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 price objective on shares of Robert Walters in a research note on Thursday, April 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 100.

Robert Walters Stock Down 7.0%

The company has a market cap of £64.20 million, a price-to-earnings ratio of -2.40, a PEG ratio of 0.08 and a beta of 0.80. The business has a fifty day moving average of GBX 87.33 and a two-hundred day moving average of GBX 103.33. The company has a current ratio of 1.28, a quick ratio of 1.52 and a debt-to-equity ratio of 89.82.

Insider Activity

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

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.

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.