683 Capital Management LLC Purchases New Shares in RCM Technologies, Inc. (NASDAQ:RCMT)

683 Capital Management LLC acquired a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,194 shares of the business services provider's stock, valued at approximately $337,000. 683 Capital Management LLC owned approximately 0.20% of RCM Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of RCM Technologies by 6.7% in the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider's stock worth $518,000 after buying an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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. Pacific Ridge Capital Partners LLC purchased a new position in shares of RCM Technologies during the 4th quarter worth about $2,668,000. Russell Investments Group Ltd. bought a new position in RCM Technologies during the 4th quarter valued at about $840,000. Finally, Barclays PLC bought a new stake in RCM Technologies in the third quarter worth about $180,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Stock Up 14.2 %

NASDAQ RCMT traded up $2.54 during trading on Thursday, reaching $20.47. 44,279 shares of the company's stock traded hands, compared to its average volume of 43,604. RCM Technologies, Inc. has a 12-month low of $13.18 and a 12-month high of $26.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $151.56 million, a price-to-earnings ratio of 10.50 and a beta of 0.15. The company's 50 day simple moving average is $16.52 and its two-hundred day simple moving average is $19.73.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). The business had revenue of $84.47 million for the quarter, compared to analysts' expectations of $76.04 million. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

Analysts Set New Price Targets

RCMT has been the subject of several research analyst reports. StockNews.com upgraded RCM Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Benchmark lowered their price target on RCM Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, B. Riley raised RCM Technologies to a "strong-buy" rating in a research report on Tuesday, March 18th.

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.