ReWalk Robotics Ltd (RWLK) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of RWLK have climbed 3.06% about 30 minutes into the session to $5.85 after closing the day prior at $5.68. It’s early, but the stock has traded as high as $5.98 and as low as $5.76 so far. Today’s quick advance has come with about 5,632 shares changing hands, compared to an average 30-day volume of 81,027 for ReWalk Robotics Ltd. The price is currently below the 30-day volume weighted average price of $5.85 for RWLK.
The share appreciation gives the company a market capitalization of $70.9 million based upon 12.48 million shares outstanding. It also means that RWLK has a price-to-book ratio of 8.81:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of RWLK have traded as low as $5.55 and as high as $17.4. Technical traders will take note that at $5.85, shares of RWLK are trading below their 200-day MA at $8.56 and below their 50-day MA at $6.32. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is RWLK?
ReWalk Robotics Ltd along with its subsidiaries is engaged in designing, developing and commercializing the ReWalk system, an exoskeleton that allow wheelchair-bound persons with mobility impairments or other medical conditions to stand & walk once again. The company’s 87 employees are led by CEO Lawrence J. Jasinski from the corporate headquarters at 3 Hatnufa Street, Floor 6.
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