RCM Technologies (NASDAQ:RCMT) Raised to “Strong-Buy” at StockNews.com

RCM Technologies (NASDAQ:RCMT) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also weighed in on the stock. B. Riley upgraded shares of RCM Technologies to a “strong-buy” rating in a research note on Tuesday, March 18th. Benchmark lowered their price target on RCM Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, March 21st.

RCM Technologies Stock Performance

Shares of NASDAQ RCMT opened at $20.33 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a 50 day moving average price of $16.62 and a 200 day moving average price of $19.71. The stock has a market capitalization of $150.52 million, a PE ratio of 10.43 and a beta of 0.15. RCM Technologies has a 52 week low of $13.18 and a 52 week high of $26.37.

RCM Technologies (NASDAQ:RCMT) last released 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). The company had revenue of $84.47 million during the quarter, compared to analyst estimates of $76.04 million. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

Hedge Funds Weigh In On RCM Technologies

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of RCM Technologies by 17.1% during the 4th quarter. Barclays PLC now owns 10,405 shares of the business services provider’s stock worth $231,000 after buying an additional 1,517 shares during the period. JPMorgan Chase & Co. lifted its position 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 worth $234,000 after acquiring an additional 1,639 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of RCM Technologies by 10.0% during the fourth quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 5,304 shares during the period. Klein Pavlis & Peasley Financial Inc. grew 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 purchasing an additional 7,869 shares during the last quarter. Finally, Significant Wealth Partners LLC bought a new position in shares of RCM Technologies during the first quarter worth approximately $160,000. 43.20% of the stock is owned by institutional investors.

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.