RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 4,508 Shares

Key Points

• Bradley Vizi, Chairman of RCM Technologies, sold 4,508 shares of the company's stock at an average price of $27.50, resulting in a total transaction value of approximately $123,970.
• RCM Technologies' stock price experienced a decline of 2.5%, trading at $26.77, with a market cap of $198.37 million.
• Wall Street analysts have downgraded RCM Technologies from a "strong-buy" rating to a "buy" rating, with a consensus target price of $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 4,508 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $27.50, for a total value of $123,970.00. Following the completion of the transaction, the chairman owned 1,526,770 shares of the company's stock, valued at $41,986,175. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bradley Vizi also recently made the following trade(s):

• On Friday, September 12th, Bradley Vizi sold 658 shares of RCM Technologies stock. The shares were sold at an average price of $27.53, for a total value of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $8,250.00.
• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total value of $108,967.11.
• On Friday, August 29th, Bradley Vizi sold 673 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $18,507.50.
• On Tuesday, August 26th, Bradley Vizi sold 7,289 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total value of $200,520.39.

RCM Technologies Trading Up 1.3%

Shares of NASDAQ:RCMT traded up $0.36 during midday trading on Friday, reaching $27.26. The company had a trading volume of 32,872 shares, compared to its average volume of 46,512. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.85 and a current ratio of 1.85. RCM Technologies, Inc. has a 1-year low of $13.18 and a 1-year high of $28.27. The firm has a market cap of $202.00 million, a price-to-earnings ratio of 15.49 and a beta of 0.27. The company has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $21.54.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of RCM Technologies by 72.4% during the 1st quarter. Ancora Advisors LLC now owns 168,125 shares of the business services provider's stock worth $2,623,000 after purchasing an additional 70,628 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of RCM Technologies by 30.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 156,994 shares of the business services provider's stock worth $2,449,000 after purchasing an additional 36,608 shares in the last quarter. Ballast Asset Management LP raised its stake in shares of RCM Technologies by 1.0% during the 2nd quarter. Ballast Asset Management LP now owns 138,511 shares of the business services provider's stock worth $3,265,000 after purchasing an additional 1,346 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of RCM Technologies by 78.9% during the 2nd quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider's stock worth $2,838,000 after purchasing an additional 53,094 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of RCM Technologies during the 1st quarter worth about $1,170,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered RCM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, RCM Technologies has an average rating of "Strong Buy" and an average price target of $33.50.

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.