RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 673 Shares

Key Points

• RCM Technologies Chairman Bradley Vizi sold 673 shares of the company's stock at an average price of $27.50, totaling approximately $18,507.50, which resulted in a 0.04% decrease in his holdings.
• The company's stock has a market cap of $198.61 million, with a current trading price around $26.80 and a 52-week high of $28.27.
• Wall Street analysts have downgraded RCM Technologies from a "strong-buy" to a "buy" rating, with an average price target of $33.50 for the stock.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 673 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $27.50, for a total value of $18,507.50. Following the completion of the transaction, the chairman directly owned 1,531,278 shares in the company, valued at approximately $42,110,145. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Performance

Shares of NASDAQ RCMT traded up $0.56 during trading on Friday, reaching $27.41. 41,068 shares of the stock traded hands, compared to its average volume of 60,613. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $28.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50-day moving average of $25.23 and a 200-day moving average of $21.26. The stock has a market capitalization of $203.11 million, a P/E ratio of 15.57 and a beta of 0.27.

Analyst Ratings Changes

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

Institutional Trading of RCM Technologies

A number of institutional investors have recently added to or reduced their stakes in RCMT. Barclays PLC lifted 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 worth $231,000 after purchasing an additional 1,517 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in RCM Technologies during the 4th quarter worth about $258,000. Jane Street Group LLC purchased a new stake in RCM Technologies during the 4th quarter worth about $369,000. OMERS ADMINISTRATION Corp purchased a new stake in RCM Technologies during the 4th quarter worth about $259,000. Finally, Two Sigma Investments LP lifted its holdings in 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 worth $1,290,000 after purchasing an additional 5,304 shares in the last quarter. Hedge funds and other institutional investors 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.