RCM Technologies (NASDAQ:RCMT) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.46 and traded as high as $22.63. RCM Technologies shares last traded at $22.43, with a volume of 26,234 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on RCMT. B. Riley boosted their price objective on RCM Technologies from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com downgraded RCM Technologies from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Benchmark upped their price target on RCM Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, November 11th.

RCM Technologies Price Performance

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. The stock has a market cap of $163.41 million, a PE ratio of 11.03 and a beta of 0.64. The company's 50 day moving average is $22.51 and its 200-day moving average is $20.48.

Insider Buying and Selling at RCM Technologies

In other news, insider Michael Saks sold 2,852 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $23.99, for a total value of $68,419.48. Following the completion of the sale, the insider now owns 114,158 shares of the company's stock, valued at approximately $2,738,650.42. The trade was a 2.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.40% of the stock is owned by insiders.

Institutional Trading of RCM Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP raised its stake in 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 acquiring an additional 24,380 shares during the period. Truvestments Capital LLC grew its holdings in shares of RCM Technologies by 2.2% during the third quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider's stock valued at $713,000 after purchasing an additional 772 shares during the last quarter. State Street Corp raised its position in shares of RCM Technologies by 6.7% during the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider's stock worth $518,000 after purchasing an additional 1,600 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of RCM Technologies in the 2nd quarter worth approximately $458,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RCM Technologies in the 3rd quarter worth approximately $425,000. 43.20% of the stock is owned by institutional investors.

RCM Technologies Company Profile

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.