RCM Technologies (NASDAQ:RCMT) Stock Crosses Above 200-Day Moving Average of $14.47

RCM Technologies, Inc. (NASDAQ:RCMTGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.47 and traded as high as $18.14. RCM Technologies shares last traded at $17.49, with a volume of 84,500 shares trading hands.

Wall Street Analysts Forecast Growth

RCMT has been the topic of several research analyst reports. TheStreet raised RCM Technologies from a “c” rating to a “b-” rating in a research note on Thursday, April 28th. StockNews.com raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 23rd. Finally, B. Riley upped their price target on RCM Technologies from $16.50 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 14th.

RCM Technologies Stock Performance

The stock has a market capitalization of $177.26 million, a P/E ratio of 11.58 and a beta of 0.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $20.82 and a 200-day moving average price of $14.47.

Insiders Place Their Bets

In other RCM Technologies news, Chairman Bradley Vizi sold 92,026 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $26.20, for a total value of $2,411,081.20. Following the completion of the sale, the chairman now owns 1,375,000 shares in the company, valued at $36,025,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other RCM Technologies news, Chairman Bradley Vizi sold 92,026 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $26.20, for a total value of $2,411,081.20. Following the completion of the sale, the chairman now owns 1,375,000 shares in the company, valued at $36,025,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Saks sold 10,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $27.02, for a total value of $270,200.00. Following the completion of the sale, the insider now owns 119,343 shares of the company’s stock, valued at approximately $3,224,647.86. The disclosure for this sale can be found here. Insiders sold a total of 149,984 shares of company stock worth $3,662,464 over the last quarter. 23.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RCM Technologies

Several institutional investors have recently added to or reduced their stakes in RCMT. Congress Wealth Management LLC DE purchased a new position in RCM Technologies during the 4th quarter valued at approximately $220,000. Hillsdale Investment Management Inc. grew its holdings in RCM Technologies by 39.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 12,300 shares of the business services provider’s stock valued at $88,000 after buying an additional 3,500 shares in the last quarter. Acadian Asset Management LLC grew its holdings in RCM Technologies by 104.7% during the 4th quarter. Acadian Asset Management LLC now owns 184,351 shares of the business services provider’s stock valued at $1,310,000 after buying an additional 94,294 shares in the last quarter. Renaissance Technologies LLC grew its holdings in RCM Technologies by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 622,468 shares of the business services provider’s stock valued at $4,432,000 after buying an additional 26,900 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of RCM Technologies by 93.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,473 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 11,359 shares during the last quarter. Hedge funds and other institutional investors own 33.71% 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.

Read More

Receive News & Ratings for RCM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.