RCM Technologies (NASDAQ:RCMT - Free Report) had its target price cut by Benchmark from $37.00 to $30.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider's stock.
Separately, B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a report on Tuesday, March 18th.
Check Out Our Latest Analysis on RCM Technologies
RCM Technologies Stock Performance
Shares of NASDAQ:RCMT traded up $0.28 during midday trading on Friday, hitting $15.30. The company's stock had a trading volume of 40,662 shares, compared to its average volume of 48,354. RCM Technologies has a fifty-two week low of $13.18 and a fifty-two week high of $26.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $116.11 million, a price-to-earnings ratio of 7.85 and a beta of 0.58. The stock's 50 day simple moving average is $18.72 and its 200 day simple moving average is $20.64.
RCM Technologies (NASDAQ:RCMT - Get Free Report) last released its earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.37). RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%. The business had revenue of $76.91 million during the quarter, compared to analyst estimates of $79.00 million.
Institutional Trading of RCM Technologies
Several institutional investors have recently modified their holdings of RCMT. Mackenzie Financial Corp acquired a new position in shares of RCM Technologies in the fourth quarter valued at $374,000. Connective Capital Management LLC acquired a new position in shares of RCM Technologies in the 4th quarter valued at $349,000. Two Sigma Investments LP boosted its position in shares of RCM Technologies by 10.0% during the 4th quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock valued at $1,290,000 after acquiring an additional 5,304 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in RCM Technologies in the fourth quarter valued at about $259,000. Finally, Ancora Advisors LLC acquired a new position in RCM Technologies in the fourth quarter worth about $2,161,000. Institutional investors and hedge funds own 43.20% of the company's stock.
RCM Technologies Company Profile
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Get Free Report)
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. 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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