RCM Technologies, Inc. (NASDAQ:RCMT – Get Rating)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.90 and traded as high as $16.46. RCM Technologies shares last traded at $15.82, with a volume of 921 shares.
Analyst Ratings Changes
Several analysts recently commented on RCMT shares. StockNews.com raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, August 19th. Benchmark increased their price target on RCM Technologies to $30.00 in a research report on Monday, August 15th. Finally, B. Riley upgraded RCM Technologies from a "neutral" rating to a "buy" rating and set a $23.00 price target on the stock in a research report on Monday, August 15th.
Get RCM Technologies alerts:RCM Technologies Stock Performance
The firm has a market cap of $161.40 million, a PE ratio of 8.03 and a beta of 0.89. The firm has a 50-day moving average price of $18.48 and a two-hundred day moving average price of $15.90. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01.
RCM Technologies (NASDAQ:RCMT – Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The business services provider reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. RCM Technologies had a return on equity of 57.58% and a net margin of 7.97%. Research analysts forecast that RCM Technologies, Inc. will post 1.98 EPS for the current fiscal year.Insider Buying and Selling
In other RCM Technologies news, CFO Kevin D. Miller sold 16,250 shares of the firm's stock in a transaction on Monday, June 27th. The stock was sold at an average price of $24.00, for a total transaction of $390,000.00. Following the completion of the sale, the chief financial officer now owns 583,750 shares of the company's stock, valued at $14,010,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On RCM Technologies
A number of institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in RCM Technologies by 93.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,473 shares of the business services provider's stock worth $167,000 after buying an additional 11,359 shares during the last quarter. Rutabaga Capital Management LLC MA increased its position in RCM Technologies by 36.7% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 447,927 shares of the business services provider's stock valued at $4,417,000 after acquiring an additional 120,168 shares during the period. Acadian Asset Management LLC increased its position in RCM Technologies by 104.7% in the 4th quarter. Acadian Asset Management LLC now owns 184,351 shares of the business services provider's stock valued at $1,310,000 after acquiring an additional 94,294 shares during the period. Sigma Planning Corp acquired a new position in RCM Technologies in the 1st quarter valued at about $156,000. Finally, Spire Wealth Management increased its position in RCM Technologies by 358.6% in the 2nd quarter. Spire Wealth Management now owns 20,003 shares of the business services provider's stock valued at $405,000 after acquiring an additional 15,641 shares during the period. 38.92% of the stock is owned by institutional investors and hedge funds.
About RCM Technologies
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RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.
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