RCM Technologies (NASDAQ:RCMT) CFO Sells $96,000.00 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 3,000 shares of RCM Technologies stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $32.00, for a total transaction of $96,000.00. Following the sale, the chief financial officer owned 450,600 shares in the company, valued at $14,419,200. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

Shares of RCMT stock opened at $30.92 on Friday. RCM Technologies, Inc. has a twelve month low of $16.51 and a twelve month high of $32.05. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $217.06 million, a PE ratio of 14.45 and a beta of -0.01. The firm has a fifty day simple moving average of $21.88 and a 200-day simple moving average of $21.17.

Wall Street Analyst Weigh In

RCMT has been the topic of a number of recent analyst reports. Wall Street Zen raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Benchmark lifted their price target on RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of RCM Technologies in a research note on Friday, March 27th. Finally, Zacks Research raised RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $36.00.

Institutional Investors Weigh In On RCM Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in RCM Technologies by 44.1% in the second 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. boosted its holdings in shares of RCM Technologies by 1,241.0% during the second 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. acquired a new stake in shares of RCM Technologies in the 3rd quarter worth about $60,000. Lazard Asset Management LLC bought a new stake in RCM Technologies in the 2nd quarter valued at about $77,000. Finally, New York State Common Retirement Fund bought a new stake in RCM Technologies in the 2nd quarter valued at about $101,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

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.