OMERS ADMINISTRATION Corp Makes New Investment in RCM Technologies, Inc. (NASDAQ:RCMT)

OMERS ADMINISTRATION Corp purchased a new stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,700 shares of the business services provider's stock, valued at approximately $259,000. OMERS ADMINISTRATION Corp owned 0.15% of RCM Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RCMT. Pacific Ridge Capital Partners LLC purchased a new stake in RCM Technologies in the fourth quarter worth approximately $2,668,000. Ancora Advisors LLC purchased a new position in shares of RCM Technologies during the 4th quarter worth $2,161,000. Russell Investments Group Ltd. purchased a new position in shares of RCM Technologies during the 4th quarter worth $840,000. Jane Street Group LLC purchased a new position in shares of RCM Technologies during the 4th quarter worth $369,000. Finally, 683 Capital Management LLC purchased a new position in shares of RCM Technologies during the 4th quarter worth $337,000. Hedge funds and other institutional investors own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

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

RCM Technologies Stock Up 1.3%

Shares of NASDAQ:RCMT traded up $0.30 during trading hours on Friday, hitting $22.92. The company's stock had a trading volume of 36,022 shares, compared to its average volume of 42,164. RCM Technologies, Inc. has a 52 week low of $13.18 and a 52 week 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 company has a market capitalization of $169.70 million, a price-to-earnings ratio of 11.75 and a beta of 0.15. The firm's fifty day moving average price is $17.72 and its 200 day moving average price is $19.73.

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

RCM Technologies 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.