Ancora Advisors LLC Takes $2.16 Million Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Ancora Advisors LLC bought a new stake in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,497 shares of the business services provider's stock, valued at approximately $2,161,000. Ancora Advisors LLC owned about 1.28% of RCM Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barclays PLC acquired a new position in RCM Technologies in the third quarter valued at $180,000. JPMorgan Chase & Co. increased its position in RCM Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock valued at $234,000 after acquiring an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in RCM Technologies during the 4th quarter valued at approximately $258,000. 683 Capital Management LLC acquired a new stake in RCM Technologies during the 4th quarter worth approximately $337,000. Finally, Jane Street Group LLC purchased a new position in shares of RCM Technologies in the 4th quarter valued at approximately $369,000. 43.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RCMT. Benchmark decreased 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. StockNews.com raised shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, B. Riley upgraded shares of RCM Technologies to a "strong-buy" rating in a research report on Tuesday, March 18th.

RCM Technologies Price Performance

Shares of RCMT traded down $0.45 during trading hours on Friday, reaching $20.33. The company had a trading volume of 28,848 shares, compared to its average volume of 43,084. 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 12-month low of $13.18 and a 12-month high of $26.37. The firm has a 50 day simple moving average of $16.62 and a 200-day simple moving average of $19.71. The company has a market capitalization of $150.52 million, a price-to-earnings ratio of 10.43 and a beta of 0.15.

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

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.