RCM Technologies, Inc. (NASDAQ:RCMT – Get Rating) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.61 and traded as high as $18.46. RCM Technologies shares last traded at $17.75, with a volume of 56,635 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RCMT. Benchmark lifted their target price on shares of RCM Technologies to $30.00 in a research report on Monday, August 15th. StockNews.com upgraded shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 19th. Finally, B. Riley upgraded shares of RCM Technologies from a "neutral" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, August 15th.

RCM Technologies Trading Down 3.5 %

The business's fifty day moving average is $18.82 and its 200-day moving average is $15.61. The stock has a market capitalization of $181.09 million, a PE ratio of 9.01 and a beta of 0.89. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at RCM Technologies

In other news, CFO Kevin D. Miller sold 16,250 shares of the company's stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $24.00, for a total transaction of $390,000.00. Following the completion of the transaction, the chief financial officer now owns 583,750 shares in the company, valued at $14,010,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Bradley Vizi sold 92,026 shares of the company's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $26.20, for a total transaction of $2,411,081.20. Following the completion of the transaction, the chairman now owns 1,375,000 shares in the company, valued at $36,025,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin D. Miller sold 16,250 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $24.00, for a total transaction of $390,000.00. Following the completion of the transaction, the chief financial officer now owns 583,750 shares of the company's stock, valued at approximately $14,010,000. The disclosure for this sale can be found here. Insiders sold a total of 118,576 shares of company stock worth $3,076,621 over the last 90 days. Insiders own 23.90% of the company's stock.

Hedge Funds Weigh In On RCM Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in RCM Technologies in the 2nd quarter valued at about $413,000. Occudo Quantitative Strategies LP bought a new position in RCM Technologies in the 2nd quarter valued at about $460,000. Cubist Systematic Strategies LLC bought a new position in RCM Technologies in the 2nd quarter valued at about $449,000. Sei Investments Co. bought a new position in RCM Technologies in the 2nd quarter valued at about $456,000. Finally, Renaissance Technologies LLC grew its position in RCM Technologies by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 737,965 shares of the business services provider's stock valued at $14,936,000 after buying an additional 128,992 shares in the last quarter. Institutional investors own 33.71% of the company's stock.

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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