RCM Technologies (NASDAQ:RCMT) Upgraded at StockNews.com

RCM Technologies (NASDAQ:RCMT - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

Other equities analysts have also recently issued research reports about the company. Benchmark dropped their price objective on RCM Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Friday, March 21st. B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th.

RCM Technologies Trading Down 0.7 %

RCMT stock traded down $0.12 during mid-day trading on Tuesday, reaching $16.06. 39,498 shares of the stock traded hands, compared to its average volume of 45,521. RCM Technologies has a one year low of $13.18 and a one year high of $26.37. The stock has a market capitalization of $121.88 million, a PE ratio of 8.24 and a beta of 0.21. 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 business has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $20.09.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued 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 firm had revenue of $76.91 million for 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%.

Institutional Trading of RCM Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of RCM Technologies in the 3rd quarter valued at about $48,000. Barclays PLC bought a new position in RCM Technologies in the third quarter worth approximately $180,000. JPMorgan Chase & Co. lifted its holdings in RCM Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after buying an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in RCM Technologies during the fourth quarter worth $258,000. Finally, Exchange Traded Concepts LLC bought a new stake in RCM Technologies during the 1st quarter valued at $258,000. 43.20% of the stock is currently owned by 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.