RCM Technologies (NASDAQ:RCMT) Shares Pass Above 200 Day Moving Average - What's Next?

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 $21.55 and traded as high as $28.94. RCM Technologies shares last traded at $28.82, with a volume of 63,514 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RCMT shares. Zacks Research upgraded RCM Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Benchmark lifted their target price on RCM Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 11th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of RCM Technologies in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.00.

RCM Technologies Stock Up 0.8%

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $23.87 and a 200 day simple moving average of $21.55. The stock has a market cap of $204.33 million, a price-to-earnings ratio of 13.47 and a beta of 0.46.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last announced its quarterly earnings data on Friday, April 3rd. The business services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.22. RCM Technologies had a return on equity of 40.90% and a net margin of 5.11%.The firm had revenue of $86.48 million during the quarter, compared to analysts' expectations of $84.46 million. As a group, analysts expect that RCM Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RCM Technologies news, CFO Kevin D. Miller sold 4,734 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $32.00, for a total value of $151,488.00. Following the completion of the sale, the chief financial officer owned 439,066 shares of the company's stock, valued at approximately $14,050,112. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Bradley Vizi sold 8,237 shares of RCM Technologies stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $27.52, for a total value of $226,682.24. Following the transaction, the chairman directly owned 1,489,240 shares in the company, valued at approximately $40,983,884.80. The trade was a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,437 shares of company stock valued at $1,068,434 in the last three months. Insiders own 28.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RCMT. Pacific Ridge Capital Partners LLC boosted its position in shares of RCM Technologies by 40.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider's stock valued at $5,280,000 after buying an additional 74,760 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of RCM Technologies by 78.9% in the second quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider's stock valued at $2,838,000 after buying an additional 53,094 shares during the period. Punch & Associates Investment Management Inc. raised its stake in shares of RCM Technologies by 40.0% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider's stock valued at $2,782,000 after buying an additional 38,872 shares during the period. Russell Investments Group Ltd. raised its stake in shares of RCM Technologies by 264.4% in the second quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider's stock valued at $1,164,000 after buying an additional 35,835 shares during the period. Finally, SummerHaven Investment Management LLC bought a new stake in shares of RCM Technologies in the third quarter valued at $899,000. Hedge funds and other institutional investors own 43.20% of the company's stock.

RCM Technologies Company Profile

RCM Technologies, Inc NASDAQ: RCMT is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company's core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.

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