RCM Technologies, Inc. (NASDAQ:RCMT) Insider Michael Saks sells 10,000 shares
RCM Technologies, Inc. (NASDAQ:RCMT – Get Rating) insider Michael Saks sold 10,000 shares of the company in a trade on Friday, June 3. The shares were sold at an average price of $27.02, for a total value of $270,200.00. Following the completion of the sale, the insider now owns 119,343 shares of the company, valued at $3,224,647.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.
Shares of RCM Technologies rose $1.89 on Tuesday, hitting $26.91. The company had a trading volume of 287,816 shares, compared to an average volume of 157,358. RCM Technologies, Inc. has a 52-week low of $3.56 and a 52-week high of $28.82. The company has a market capitalization of $272.73 million, a PE ratio of 17.68 and a beta of 1.01. The company has a 50-day simple moving average of $16.98 and a 200-day simple moving average of $10.62. The company has a debt ratio of 0.52, a current ratio of 1.77 and a quick ratio of 1.77.
RCM Technologies (NASDAQ:RCMT – Get Rating) last released its quarterly results on Wednesday, April 27. The business services provider reported earnings per share (EPS) of $0.62 for the quarter. RCM Technologies had a return on equity of 46.67% and a net margin of 6.84%. The company had revenue of $81.96 million in the quarter. In the same period a year earlier, the company posted earnings per share of $0.08. On average, stock research analysts expect RCM Technologies, Inc. to post 2 earnings per share for the current fiscal year.
RCMT has been the subject of several analyst reports. Benchmark raised its price target on RCM Technologies shares from $8.00 to $16.00 in a Friday, April 1 report. StockNews.com began covering RCM Technologies in a report on Thursday, March 31. They set a “Strong Buy” rating on the stock. Zacks Investment Research upgraded RCM Technologies from a “hold” rating to a “buy” rating and set a price target of $27.00 for the company in a report released Saturday. B. Riley raised his price target on RCM Technologies from $7.50 to $16.50 in a Friday, April 29 research note. Finally, TheStreet downgraded the shares of RCM Technologies from a “c” rating to a “b-” rating in a Thursday, April 28 research note.
Hedge funds have recently changed their positions in the stock. Renaissance Technologies LLC increased its position in RCM Technologies by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 622,468 shares of the business services provider worth $4,432,000 after acquiring an additional 26,900 shares last quarter. Dimensional Fund Advisors LP increased its stake in RCM Technologies shares by 2.2% in Q1. Dimensional Fund Advisors LP now owns 539,317 shares of the business services provider worth $5,318,000 after buying an additional 11,603 shares in the last quarter. Rutabaga Capital Management LLC MA increased its stake in RCM Technologies shares by 36.7% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 447,927 shares of the business services provider worth $4,417,000 after purchasing an additional 120,168 shares in the last quarter. WNY Asset Management LLC acquired a new stake in RCM Technologies during the fourth quarter valued at approximately $2,832,000. Finally, Acadian Asset Management LLC increased its stake in RCM Technologies by 13.5% during the first quarter. Acadian Asset Management LLC now owns 209,211 shares of the business services provider worth $2,062,000 after purchasing an additional 24,860 shares last quarter. 33.71% of the shares are held by institutional investors and hedge funds.
RCM Technologies Company Profile (Get a rating)
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico and Serbia. It operates through three segments: Engineering, Specialty Healthcare, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, technical analysis, engineering-procurement-construction, configuration management, validation and verification hardware/software, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.
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