RCM Technologies (NASDAQ:RCMT) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• RCM Technologies (NASDAQ:RCMT) has received a "hold (c)" rating from Weiss Ratings, while Wall Street Zen upgraded the stock from "buy" to a "strong-buy."
• The company has a market capitalization of $180.36 million and an average target price of $33.50 according to MarketBeat.com.
• Recent insider trading activity includes Chairman Bradley Vizi selling 1,165 shares, and in total, insiders sold 33,067 shares worth $909,503 over the last 90 days.

RCM Technologies (NASDAQ:RCMT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $33.50.

RCM Technologies Stock Performance

Shares of NASDAQ:RCMT opened at $24.34 on Wednesday. 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 business's 50 day moving average price is $25.68 and its 200-day moving average price is $22.62. The firm has a market capitalization of $180.36 million, a PE ratio of 13.83 and a beta of 0.18. RCM Technologies has a 1 year low of $13.18 and a 1 year high of $28.27.

Insider Activity

In other RCM Technologies news, Chairman Bradley Vizi sold 1,165 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $27.50, for a total transaction of $32,037.50. Following the sale, the chairman owned 1,511,426 shares in the company, valued at $41,564,215. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Saks sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $27.50, for a total value of $137,500.00. Following the sale, the insider owned 109,547 shares in the company, valued at approximately $3,012,542.50. This trade represents a 4.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,067 shares of company stock worth $909,503. 26.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On RCM Technologies

Several large investors have recently bought and sold shares of the stock. Ancora Advisors LLC increased its holdings in RCM Technologies by 72.4% during the 1st quarter. Ancora Advisors LLC now owns 168,125 shares of the business services provider's stock worth $2,623,000 after purchasing an additional 70,628 shares during the period. Pacific Ridge Capital Partners LLC boosted its position 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 worth $2,449,000 after acquiring an additional 36,608 shares in the last quarter. Ballast Asset Management LP boosted its position in shares of RCM Technologies by 1.0% during the 2nd quarter. Ballast Asset Management LP now owns 138,511 shares of the business services provider's stock worth $3,265,000 after acquiring an additional 1,346 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RCM Technologies by 78.9% during the 2nd quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider's stock worth $2,838,000 after acquiring an additional 53,094 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of RCM Technologies during the 1st quarter worth about $1,170,000. 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.

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