37,928 Shares in RCM Technologies, Inc. (NASDAQ:RCMT) Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,928 shares of the business services provider's stock, valued at approximately $840,000. Russell Investments Group Ltd. owned about 0.50% of RCM Technologies at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RCMT. State Street Corp boosted its holdings in RCM Technologies by 6.7% during the third quarter. State Street Corp now owns 25,555 shares of the business services provider's stock valued at $518,000 after acquiring an additional 1,600 shares during the period. Barclays PLC acquired a new stake in RCM Technologies in the 3rd quarter valued at approximately $180,000. Sanctuary Advisors LLC bought a new position in RCM Technologies in the 3rd quarter worth approximately $265,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 last quarter. Finally, Klein Pavlis & Peasley Financial Inc. boosted its position in shares of RCM Technologies by 60.5% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider's stock valued at $463,000 after acquiring an additional 7,869 shares during the period. Institutional investors and hedge funds own 43.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on RCMT shares. B. Riley raised RCM Technologies to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com lowered RCM Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Benchmark decreased their price target on RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, March 21st.

RCM Technologies Price Performance

NASDAQ RCMT traded down $0.43 during trading hours on Friday, reaching $17.01. 18,900 shares of the company's stock were exchanged, compared to its average volume of 44,749. The firm has a fifty day moving average of $16.78 and a 200-day moving average of $19.94. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies, Inc. has a one year low of $13.18 and a one year high of $26.37. The stock has a market cap of $129.09 million, a PE ratio of 8.72 and a beta of 0.21.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The business services provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.37). The company had revenue of $76.91 million for the quarter, compared to analyst estimates of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

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.