RCM Technologies (NASDAQ:RCMT) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.00 and traded as high as $25.71. RCM Technologies shares last traded at $25.58, with a volume of 96,782 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.

RCM Technologies Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.70. The company's fifty day moving average is $23.57 and its 200 day moving average is $19.99. The firm has a market cap of $185.07 million, a price-to-earnings ratio of 14.46 and a beta of 0.27.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). The company had revenue of $84.47 million during the quarter, compared to the consensus estimate of $76.04 million. RCM Technologies had a net margin of 4.66% and a return on equity of 42.85%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RCMT. Significant Wealth Partners LLC raised its stake in RCM Technologies by 22.3% in the second quarter. Significant Wealth Partners LLC now owns 12,546 shares of the business services provider's stock valued at $296,000 after buying an additional 2,284 shares during the last quarter. Jane Street Group LLC boosted its position in shares of RCM Technologies by 41.2% during the 1st quarter. Jane Street Group LLC now owns 23,489 shares of the business services provider's stock worth $366,000 after acquiring an additional 6,852 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of RCM Technologies in the 1st quarter valued at about $1,170,000. Ancora Advisors LLC raised 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 valued at $2,623,000 after acquiring an additional 70,628 shares during the last quarter. Finally, Boston Partners raised its stake in shares of RCM Technologies by 4.2% during the 1st quarter. Boston Partners now owns 25,521 shares of the business services provider's stock worth $398,000 after buying an additional 1,023 shares in the last quarter. 43.20% of the stock is owned by hedge funds and other institutional investors.

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.