TheStreet Upgrades RCM Technologies (NASDAQ:RCMT) to B-

RCM Technologies (NASDAQ:RCMTGet Rating) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 25th. B. Riley boosted their target price on RCM Technologies from $7.50 to $16.50 in a research note on Friday. Benchmark boosted their price objective on RCM Technologies from $8.00 to $16.00 in a research note on Friday, April 1st. Finally, StockNews.com initiated coverage on RCM Technologies in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company.

NASDAQ RCMT opened at $17.48 on Thursday. The company has a market cap of $176.55 million, a P/E ratio of 11.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50-day moving average of $9.85 and a two-hundred day moving average of $7.87. RCM Technologies has a 1-year low of $3.26 and a 1-year high of $17.88.

RCM Technologies (NASDAQ:RCMTGet Rating) last released its earnings results on Wednesday, April 27th. The business services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.35. RCM Technologies had a return on equity of 49.41% and a net margin of 6.84%. During the same period in the prior year, the company posted $0.08 earnings per share. On average, analysts anticipate that RCM Technologies will post 0.57 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley acquired a new position in RCM Technologies during the first quarter worth $32,000. Wells Fargo & Company MN grew its holdings in RCM Technologies by 452.0% during the second quarter. Wells Fargo & Company MN now owns 9,764 shares of the business services provider’s stock worth $40,000 after acquiring an additional 7,995 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in RCM Technologies during the third quarter worth $74,000. Goldman Sachs Group Inc. acquired a new position in RCM Technologies during the third quarter worth $131,000. Finally, Geode Capital Management LLC grew its holdings in RCM Technologies by 3.1% during the third quarter. Geode Capital Management LLC now owns 61,331 shares of the business services provider’s stock worth $372,000 after acquiring an additional 1,844 shares during the period. Institutional investors and hedge funds own 25.42% of the company’s stock.

About RCM Technologies (Get Rating)

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. 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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