RCM Technologies, Inc. (NASDAQ:RCMT) Short Interest Down 17.0% in March

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 157,800 shares, a drop of 17.0% from the March 15th total of 190,200 shares. Based on an average trading volume of 52,500 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.3% of the company's shares are sold short.

Analysts Set New Price Targets

RCMT has been the subject of several research analyst reports. B. Riley upgraded RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Benchmark reduced their target price 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, StockNews.com lowered RCM Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday.

RCM Technologies Stock Performance

Shares of NASDAQ RCMT traded down $0.17 during midday trading on Friday, reaching $17.27. 4,590 shares of the company traded hands, compared to its average volume of 48,499. The company has a market cap of $131.06 million, a price-to-earnings ratio of 8.86 and a beta of 0.21. 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 stock has a 50-day moving average price of $16.84 and a 200 day moving average price of $19.97. RCM Technologies has a 52 week low of $13.18 and a 52 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 the consensus estimate of $0.74 by ($0.37). The business had revenue of $76.91 million during the quarter, compared to analysts' expectations of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in RCM Technologies by 17.1% during the 4th quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock valued at $231,000 after purchasing an additional 1,517 shares in the last quarter. State Street Corp lifted its position in RCM Technologies by 6.7% during the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider's stock valued at $518,000 after purchasing an additional 1,600 shares during the period. JPMorgan Chase & Co. grew its holdings in RCM Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,639 shares during the period. Two Sigma Investments LP raised its position in shares of RCM Technologies by 10.0% during the 4th quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock valued at $1,290,000 after acquiring an additional 5,304 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of RCM Technologies by 60.5% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider's stock valued at $463,000 after purchasing an additional 7,869 shares during the period. Institutional investors and hedge funds own 43.20% of the company's stock.

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.