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.
Read More
Before you consider RCM Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RCM Technologies wasn't on the list.
While RCM Technologies currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
