Robert Walters (LON:RWA) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Robert Walters plc (LON:RWA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 102.04 and traded as high as GBX 114. Robert Walters shares last traded at GBX 111.50, with a volume of 53,464 shares trading hands.

Wall Street Analysts Forecast Growth

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

Robert Walters Stock Performance

The stock’s 50-day moving average is GBX 89.25 and its 200-day moving average is GBX 101.91. The stock has a market cap of £74.99 million, a price-to-earnings ratio of -2.80, a price-to-earnings-growth ratio of 0.08 and a beta of 0.80. The company has a debt-to-equity ratio of 89.82, a current ratio of 1.28 and a quick ratio of 1.52.

Insiders Place Their Bets

In other Robert Walters news, insider Leslie Van de Walle purchased 30,000 shares of Robert Walters stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 94 per share, with a total value of £28,200. Also, insider Andrew Rashbass acquired 21,739 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of GBX 92 per share, for a total transaction of £19,999.88. In the last three months, insiders have acquired 81,739 shares of company stock worth $7,699,988. Corporate insiders own 3.90% of the company’s stock.

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.