RCM Technologies (NASDAQ:RCMT) Price Target Raised to $37.00 at Benchmark

RCM Technologies (NASDAQ:RCMT - Free Report) had its price objective increased by Benchmark from $33.00 to $37.00 in a research report sent to investors on Monday,Benzinga reports. Benchmark currently has a buy rating on the business services provider's stock.

Separately, B. Riley lifted their price target on shares of RCM Technologies from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Monday.

RCM Technologies Trading Up 4.3 %

NASDAQ RCMT traded up $1.03 during mid-day trading on Monday, reaching $25.04. 124,845 shares of the stock were exchanged, compared to its average volume of 59,470. RCM Technologies has a one year low of $17.11 and a one year high of $32.15. The stock has a 50 day simple moving average of $20.76 and a 200-day simple moving average of $19.98. The stock has a market cap of $191.06 million, a P/E ratio of 12.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.48.

Hedge Funds Weigh In On RCM Technologies

A number of institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its position in shares of RCM Technologies by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider's stock worth $1,571,000 after purchasing an additional 8,513 shares during the period. Acadian Asset Management LLC raised its position in shares of RCM Technologies by 466.4% during the first quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 49,350 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of RCM Technologies by 9.8% during the first quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider's stock worth $913,000 after purchasing an additional 3,800 shares during the period. Marshall Wace LLP raised its position in shares of RCM Technologies by 174.0% during the second quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider's stock worth $719,000 after purchasing an additional 24,380 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of RCM Technologies by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider's stock worth $726,000 after purchasing an additional 2,737 shares during the period. 43.20% of the stock is owned by institutional investors and hedge funds.

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.