Barclays PLC Raises Stock Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Barclays PLC lifted its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,405 shares of the business services provider’s stock after acquiring an additional 1,517 shares during the quarter. Barclays PLC owned approximately 0.14% of RCM Technologies worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RCMT. Pacific Ridge Capital Partners LLC purchased a new position in RCM Technologies during the fourth quarter valued at approximately $2,668,000. JPMorgan Chase & Co. increased its holdings in RCM Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,639 shares during the period. Russell Investments Group Ltd. purchased a new position in RCM Technologies during the fourth quarter valued at approximately $840,000. Klein Pavlis & Peasley Financial Inc. increased its holdings in RCM Technologies by 60.5% during 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 buying an additional 7,869 shares during the period. Finally, Truvestments Capital LLC increased its holdings in RCM Technologies by 31.2% during the fourth quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider’s stock valued at $1,022,000 after buying an additional 10,977 shares during the period. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Trading Up 7.8%

NASDAQ:RCMT opened at $21.66 on Tuesday. RCM Technologies, Inc. has a 12 month low of $13.18 and a 12 month high of $26.37. The firm has a fifty day simple moving average of $16.68 and a 200-day simple moving average of $19.70. 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 company has a market capitalization of $160.37 million, a P/E ratio of 11.11 and a beta of 0.15.

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The company had revenue of $84.47 million for the quarter, compared to analyst estimates of $76.04 million.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RCMT shares. Benchmark cut their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com raised shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, B. Riley raised shares of RCM Technologies to a “strong-buy” rating in a report on Tuesday, March 18th.

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.