16,566 Shares in RCM Technologies, Inc. (NASDAQ:RCMT) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,566 shares of the business services provider's stock, valued at approximately $258,000. Exchange Traded Concepts LLC owned 0.22% of RCM Technologies at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of RCM Technologies by 17.1% in the 4th quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock worth $231,000 after purchasing an additional 1,517 shares during the period. Two Sigma Investments LP raised its holdings in shares of RCM Technologies by 10.0% in the 4th quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock worth $1,290,000 after purchasing an additional 5,304 shares during the period. Truvestments Capital LLC raised its holdings in shares of RCM Technologies by 31.2% in the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider's stock worth $1,022,000 after purchasing an additional 10,977 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of RCM Technologies in the 4th quarter worth approximately $258,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of RCM Technologies in the 4th quarter worth approximately $259,000. Institutional investors own 43.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 9th. Benchmark lowered their price target on shares of RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, B. Riley upgraded shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th.

RCM Technologies Stock Down 3.9%

RCM Technologies stock opened at $22.14 on Monday. RCM Technologies, Inc. has a 1-year low of $13.18 and a 1-year high of $26.37. The firm has a market capitalization of $163.84 million, a price-to-earnings ratio of 12.80 and a beta of 0.27. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $20.57 and a 200 day simple moving average of $19.69.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). RCM Technologies had a net margin of 4.66% and a return on equity of 42.85%. The business had revenue of $84.47 million during the quarter, compared to analysts' expectations of $76.04 million.

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.

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