Shares of RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.14 and traded as high as $26.08. RCM Technologies shares last traded at $25.85, with a volume of 16,383 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.
Read Our Latest Report on RCMT
RCM Technologies Trading Down 1.1%
The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $191.29 million, a P/E ratio of 14.94 and a beta of 0.27. The business has a 50 day moving average price of $23.87 and a 200 day moving average price of $20.14.
RCM Technologies (NASDAQ:RCMT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). RCM Technologies had a net margin of 4.66% and a return on equity of 42.85%. The company had revenue of $84.47 million during the quarter, compared to the consensus estimate of $76.04 million.
Institutional Trading of RCM Technologies
A number of large investors have recently bought and sold shares of the business. Ancora Advisors LLC increased its stake 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 in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in 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 purchasing an additional 36,608 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in RCM Technologies during the 1st quarter worth approximately $1,170,000. Two Sigma Investments LP increased 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 worth $1,290,000 after purchasing an additional 5,304 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in RCM Technologies during the 4th quarter worth approximately $840,000. 43.20% of the stock is owned by institutional investors.
RCM Technologies Company Profile
(
Get Free Report)
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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