RCM Technologies (NASDAQ:RCMT) Chairman Sells $77,330.61 in Stock

Key Points

• Bradley Vizi, Chairman of RCM Technologies, sold a total of 2,811 shares recently, reducing his ownership by 0.18%.
• RCM Technologies' stock traded at $27.40 during midday trading, with a market cap of approximately $203 million.
• Wall Street analysts rate RCM Technologies with a consensus rating of "Strong Buy" and an average target price of $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 2,811 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $27.51, for a total transaction of $77,330.61. Following the sale, the chairman directly owned 1,519,036 shares of the company's stock, valued at approximately $41,788,680.36. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 19th, Bradley Vizi sold 3,825 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $105,187.50.
• On Thursday, September 18th, Bradley Vizi sold 2,620 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $72,050.00.
• 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 transaction of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction 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 transaction of $108,967.11.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $123,970.00.
• 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 transaction of $200,520.39.

RCM Technologies Trading Down 0.5%

Shares of RCMT traded down $0.13 during trading hours on Monday, hitting $27.27. The company had a trading volume of 36,332 shares, compared to its average volume of 46,969. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.92. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $28.27. The stock's 50 day moving average price is $25.57 and its 200 day moving average price is $21.90. The firm has a market cap of $202.07 million, a P/E ratio of 15.49 and a beta of 0.27.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RCMT. Exchange Traded Concepts LLC purchased a new stake in RCM Technologies in the first quarter worth approximately $258,000. Jane Street Group LLC purchased a new position in shares of RCM Technologies in the 4th quarter worth $369,000. Significant Wealth Partners LLC bought a new stake in shares of RCM Technologies in the first quarter worth $160,000. Pacific Ridge Capital Partners LLC increased its position in RCM Technologies by 30.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 156,994 shares of the business services provider's stock valued at $2,449,000 after acquiring an additional 36,608 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in RCM Technologies in the first quarter valued at about $1,170,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

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.