RCM Technologies (NASDAQ:RCMT) Chairman Sells $108,967.11 in Stock

Key Points

• Chairman Bradley Vizi of RCM Technologies sold 3,961 shares of stock for a total of $108,967.11, reducing his overall ownership to 1,522,809 shares.
• The company's stock is currently trading at $26.77, reflecting a slight decline amidst a market cap of $198.37 million and a twelve-month range between $13.18 and $28.27.
• Wall Street analysts have downgraded RCM Technologies from a "strong-buy" to a "buy" rating, with an average target price set at $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 3,961 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.51, for a total transaction of $108,967.11. Following the completion of the transaction, the chairman owned 1,522,809 shares of the company's stock, valued at approximately $41,892,475.59. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $110.00.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The stock was 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 stock was sold at an average price of $27.50, for a total transaction of $18,507.50.
• On Tuesday, August 26th, Bradley Vizi sold 7,289 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total transaction of $200,520.39.

RCM Technologies Stock Performance

NASDAQ RCMT traded down $0.68 during trading on Tuesday, reaching $26.77. The company's stock had a trading volume of 18,921 shares, compared to its average volume of 56,800. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $198.37 million, a price-to-earnings ratio of 15.21 and a beta of 0.27. RCM Technologies, Inc. has a twelve month low of $13.18 and a twelve month high of $28.27. The business's fifty day moving average price is $25.35 and its 200-day moving average price is $21.36.

Institutional Investors Weigh In On RCM Technologies

Several large investors have recently made changes to their positions in RCMT. Barclays PLC boosted its stake in shares of RCM Technologies by 17.1% in the fourth 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 during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of RCM Technologies in the fourth quarter valued at $258,000. Jane Street Group LLC purchased a new position in shares of RCM Technologies in the fourth quarter valued at $369,000. OMERS ADMINISTRATION Corp purchased a new position in shares of RCM Technologies in the fourth quarter valued at $259,000. Finally, Two Sigma Investments LP boosted its stake 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 valued at $1,290,000 after acquiring an additional 5,304 shares during the last quarter. Institutional investors and hedge funds own 43.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

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