RCM Technologies (NASDAQ:RCMT - Get Free Report) was upgraded by equities researchers at B. Riley to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.
RCM Technologies Trading Down 0.8 %
RCMT traded down $0.12 during midday trading on Tuesday, hitting $15.02. 65,947 shares of the company were exchanged, compared to its average volume of 48,577. The firm has a market capitalization of $113.99 million, a P/E ratio of 7.70 and a beta of 0.58. The firm's 50 day moving average price is $18.81 and its 200-day moving average price is $20.67. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies has a 1-year low of $13.18 and a 1-year high of $26.37.
RCM Technologies (NASDAQ:RCMT - Get Free Report) last announced its 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). RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%. The company had revenue of $76.91 million during the quarter, compared to the consensus estimate of $79.00 million.
Hedge Funds Weigh In On RCM Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of RCM Technologies in the 3rd quarter worth about $48,000. Barclays PLC bought a new stake in RCM Technologies in the third quarter worth approximately $180,000. JPMorgan Chase & Co. increased its holdings in RCM Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after purchasing an additional 1,639 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in RCM Technologies in the fourth quarter valued at approximately $258,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of RCM Technologies during the 4th quarter worth approximately $259,000. Institutional investors and hedge funds own 43.20% of the company's stock.
About RCM Technologies
(
Get Free Report)
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.
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