StockNews.com Downgrades RCM Technologies (NASDAQ:RCMT) to Hold

RCM Technologies (NASDAQ:RCMT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other equities research analysts have also issued reports on RCMT. Benchmark upped their price objective on shares of RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday. B. Riley increased their price target on shares of RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Monday.

RCM Technologies Stock Performance

NASDAQ RCMT opened at $25.90 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s fifty day moving average is $20.97 and its two-hundred day moving average is $20.07. The firm has a market capitalization of $197.62 million, a P/E ratio of 13.28 and a beta of 0.63. RCM Technologies has a fifty-two week low of $17.11 and a fifty-two week high of $32.15.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of RCM Technologies by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock worth $726,000 after acquiring an additional 2,737 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of RCM Technologies by 466.4% during the first quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider’s stock worth $1,279,000 after buying an additional 49,350 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of RCM Technologies by 9.8% in the first quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider’s stock valued at $913,000 after buying an additional 3,800 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of RCM Technologies by 13.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock valued at $1,571,000 after buying an additional 8,513 shares during the period. Finally, Truvestments Capital LLC lifted its stake in RCM Technologies by 79.3% during the 1st quarter. Truvestments Capital LLC now owns 28,906 shares of the business services provider’s stock worth $618,000 after acquiring an additional 12,788 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

About RCM Technologies

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.