RCM Technologies (NASDAQ:RCMT) CFO Sells $93,941.28 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 2,932 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $32.04, for a total value of $93,941.28. Following the completion of the sale, the chief financial officer directly owned 443,800 shares of the company’s stock, valued at $14,219,352. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Stock Performance

NASDAQ RCMT opened at $31.62 on Monday. The firm has a market capitalization of $221.97 million, a P/E ratio of 14.78 and a beta of -0.01. The business has a fifty day simple moving average of $22.14 and a 200 day simple moving average of $21.18. RCM Technologies, Inc. has a 12 month low of $16.51 and a 12 month high of $32.28. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On RCM Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew 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 acquiring an additional 579 shares during the period. JPMorgan Chase & Co. grew 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 acquiring an additional 2,147 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of RCM Technologies during the 3rd quarter valued at approximately $60,000. Lazard Asset Management LLC bought a new position in shares of RCM Technologies during the 2nd quarter valued at approximately $77,000. Finally, New York State Common Retirement Fund bought a new position in shares of RCM Technologies during the 2nd quarter valued at approximately $101,000. 43.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on RCMT. Zacks Research raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen raised shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Benchmark upped their price objective on shares of RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RCM Technologies in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, RCM Technologies presently has an average rating of “Buy” and an average price target of $36.00.

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.