RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 3,961 Shares

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 company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.51, for a total value of $108,967.11. Following the sale, the chairman owned 1,522,809 shares of the company's stock, valued at approximately $41,892,475.59. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 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 value 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 value of $200,520.39.

RCM Technologies Price Performance

Shares of RCMT traded up $0.36 during midday trading on Friday, hitting $27.26. The company's stock had a trading volume of 32,872 shares, compared to its average volume of 46,512. 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 one year low of $13.18 and a one year high of $28.27. The stock has a market capitalization of $202.00 million, a price-to-earnings ratio of 15.49 and a beta of 0.27. The company's fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $21.54.

Institutional Investors Weigh In On RCM Technologies

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of RCM Technologies during the 1st quarter valued at $258,000. Jane Street Group LLC acquired a new stake in shares of RCM Technologies during the 4th quarter valued at $369,000. Significant Wealth Partners LLC acquired a new stake in shares of RCM Technologies during the 1st quarter valued at $160,000. Pacific Ridge Capital Partners LLC boosted its holdings 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 valued at $2,449,000 after acquiring an additional 36,608 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of RCM Technologies during the 1st quarter valued at $1,170,000. Institutional investors and hedge funds own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut RCM Technologies from a "strong-buy" rating to a "buy" rating in a 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 stock. According to MarketBeat, the company has a consensus rating of "Strong Buy" and an average target price 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.