RCM Technologies (NASDAQ:RCMT) Upgraded at Zacks Research

Zacks Research upgraded shares of RCM Technologies (NASDAQ:RCMT) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Wall Street Zen raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 11th. Finally, Benchmark raised their price target on RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $36.00.

RCM Technologies Stock Performance

NASDAQ:RCMT opened at $29.91 on Monday. The business’s 50-day moving average price is $20.38 and its two-hundred day moving average price is $20.92. RCM Technologies has a twelve month low of $15.29 and a twelve month high of $30.00. The stock has a market cap of $209.97 million, a P/E ratio of 13.98 and a beta of -0.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

Insider Activity at RCM Technologies

In other news, Chairman Bradley Vizi sold 13,666 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $27.55, for a total transaction of $376,498.30. Following the transaction, the chairman directly owned 1,497,477 shares in the company, valued at approximately $41,255,491.35. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 28.00% of the company’s stock.

Hedge Funds Weigh In On RCM Technologies

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 579 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of RCM Technologies by 1,241.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 2,147 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of RCM Technologies during the 3rd quarter valued at about $60,000. Lazard Asset Management LLC bought a new position in shares of RCM Technologies during the 2nd quarter valued at about $77,000. Finally, New York State Common Retirement Fund bought a new position in shares of RCM Technologies during the 2nd quarter valued at about $101,000. 43.20% of the stock is currently owned by institutional investors.

RCM Technologies Company Profile

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.