683 Capital Management LLC Invests $337,000 in RCM Technologies, Inc. (NASDAQ:RCMT)

683 Capital Management LLC purchased a new stake in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,194 shares of the business services provider's stock, valued at approximately $337,000. 683 Capital Management LLC owned 0.20% of RCM Technologies as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC acquired a new stake in shares of RCM Technologies in the fourth quarter valued at about $2,668,000. Russell Investments Group Ltd. purchased a new stake in RCM Technologies during the 4th quarter worth approximately $840,000. Jane Street Group LLC purchased a new stake in RCM Technologies during the 4th quarter worth approximately $369,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of RCM Technologies during the fourth quarter valued at approximately $258,000. Finally, Truvestments Capital LLC boosted its stake in shares of RCM Technologies by 31.2% in the fourth quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider's stock worth $1,022,000 after acquiring an additional 10,977 shares during the last quarter. Hedge funds and other institutional investors own 43.20% of the company's stock.

Analysts Set New Price Targets

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

RCM Technologies Stock Performance

NASDAQ RCMT opened at $17.75 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The stock's fifty day moving average is $16.60 and its two-hundred day moving average is $19.81. The firm has a market capitalization of $131.42 million, a P/E ratio of 9.10 and a beta of 0.15. RCM Technologies, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $26.37.

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

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.

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