JPMorgan Chase & Co. Sells 10,325 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

JPMorgan Chase & Co. reduced its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 89.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,214 shares of the business services provider’s stock after selling 10,325 shares during the quarter. JPMorgan Chase & Co.’s holdings in RCM Technologies were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. increased its position in shares of RCM Technologies by 60.5% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider’s stock valued at $463,000 after acquiring an additional 7,869 shares during the period. Barclays PLC purchased a new position in RCM Technologies during the 3rd quarter valued at about $180,000. Finally, Truvestments Capital LLC raised its position in RCM Technologies by 31.2% during the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider’s stock valued at $1,022,000 after purchasing an additional 10,977 shares during the last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RCMT. B. Riley raised RCM Technologies to a “strong-buy” rating in a research note on Tuesday, March 18th. Benchmark decreased their price target on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, StockNews.com raised RCM Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st.

RCM Technologies Stock Performance

Shares of RCM Technologies stock opened at $17.92 on Thursday. RCM Technologies, Inc. has a 12 month low of $13.18 and a 12 month high of $26.37. The firm has a market capitalization of $132.68 million, a P/E ratio of 9.19 and a beta of 0.15. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $16.52 and a two-hundred day simple moving average of $19.73.

RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

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.