RCM Technologies, Inc. (NASDAQ:RCMT) Short Interest Down 17.0% in March

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 157,800 shares, a decrease of 17.0% from the March 15th total of 190,200 shares. Based on an average daily trading volume, of 52,500 shares, the short-interest ratio is currently 3.0 days. Currently, 3.3% of the company's stock are short sold.

RCM Technologies Stock Performance

NASDAQ:RCMT traded up $0.74 during trading on Thursday, reaching $17.50. The company's stock had a trading volume of 22,135 shares, compared to its average volume of 44,907. RCM Technologies has a 12 month low of $13.18 and a 12 month 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 firm has a 50 day moving average of $16.90 and a 200-day moving average of $19.99. The firm has a market cap of $132.81 million, a price-to-earnings ratio of 8.97 and a beta of 0.21.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.37). The business had revenue of $76.91 million for the quarter, compared to analysts' expectations of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

Wall Street Analyst Weigh In

RCMT has been the topic of a number of research analyst reports. Benchmark dropped their target price on shares of RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, March 21st. B. Riley raised RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded shares of RCM Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday.

Institutional Trading of RCM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of RCMT. Exchange Traded Concepts LLC purchased a new stake in RCM Technologies during the 1st quarter valued at $258,000. Mackenzie Financial Corp bought a new stake in RCM Technologies in the fourth quarter worth $374,000. Connective Capital Management LLC purchased a new position in RCM Technologies in the fourth quarter worth about $349,000. Two Sigma Investments LP grew its holdings in 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 purchasing an additional 5,304 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in RCM Technologies in the 4th quarter valued at about $259,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

About RCM Technologies

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.