RCM Technologies, Inc. (NASDAQ:RCMT) Short Interest Update

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 190,200 shares, a growth of 24.3% from the February 28th total of 153,000 shares. Currently, 4.0% of the company's shares are sold short. Based on an average trading volume of 52,800 shares, the days-to-cover ratio is currently 3.6 days.

RCM Technologies Stock Down 2.9 %

Shares of RCMT traded down $0.47 during midday trading on Friday, reaching $15.68. 45,838 shares of the stock were exchanged, compared to its average volume of 46,779. The company has a market capitalization of $119.00 million, a P/E ratio of 8.04 and a beta of 0.58. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies has a 52 week low of $13.18 and a 52 week high of $26.37. The company's 50 day moving average is $18.06 and its two-hundred day moving average is $20.42.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $79.00 million. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

Analyst Upgrades and Downgrades

RCMT has been the subject of a number of recent analyst reports. B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Benchmark lowered their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, March 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in RCM Technologies by 17.1% in the fourth quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock valued at $231,000 after purchasing an additional 1,517 shares during the last quarter. State Street Corp grew its position in shares of RCM Technologies by 6.7% in the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider's stock worth $518,000 after buying an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of RCM Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,639 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in RCM Technologies during the third quarter valued at approximately $48,000. Finally, Two Sigma Investments LP boosted its stake in RCM Technologies by 10.0% in the fourth 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. 43.20% of the stock is currently 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.