RCM Technologies (NASDAQ:RCMT) Upgraded to B- by TheStreet

RCM Technologies (NASDAQ:RCMTGet Rating) was upgraded by TheStreet from a “c” rating to a “b-” rating in a report released on Thursday, TheStreetRatingsTable reports.

RCMT has been the subject of several other reports. Zacks Investment Research downgraded shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 25th. StockNews.com assumed coverage on shares of RCM Technologies in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. B. Riley increased their target price on shares of RCM Technologies from $7.50 to $16.50 in a research report on Friday. Finally, Benchmark raised their price objective on shares of RCM Technologies from $8.00 to $16.00 in a research report on Friday, April 1st.

RCMT stock opened at $17.48 on Thursday. RCM Technologies has a 52-week low of $3.26 and a 52-week high of $17.88. The company’s 50 day simple moving average is $9.85 and its 200-day simple moving average is $7.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $176.55 million, a P/E ratio of 11.58 and a beta of 1.71.

RCM Technologies (NASDAQ:RCMTGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The business services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.35. RCM Technologies had a net margin of 6.84% and a return on equity of 49.41%. During the same period last year, the firm posted $0.08 EPS. Sell-side analysts predict that RCM Technologies will post 0.57 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in RCM Technologies by 3.1% during the third quarter. Geode Capital Management LLC now owns 61,331 shares of the business services provider’s stock worth $372,000 after buying an additional 1,844 shares during the last quarter. Morgan Stanley boosted its position in RCM Technologies by 31.9% during the second quarter. Morgan Stanley now owns 11,955 shares of the business services provider’s stock worth $49,000 after purchasing an additional 2,890 shares during the period. Hillsdale Investment Management Inc. boosted its position in RCM Technologies by 39.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 12,300 shares of the business services provider’s stock worth $88,000 after purchasing an additional 3,500 shares during the period. Northern Trust Corp boosted its position in RCM Technologies by 26.4% during the fourth quarter. Northern Trust Corp now owns 18,558 shares of the business services provider’s stock worth $132,000 after purchasing an additional 3,871 shares during the period. Finally, Susquehanna International Group LLP boosted its position in RCM Technologies by 17.0% during the fourth quarter. Susquehanna International Group LLP now owns 41,576 shares of the business services provider’s stock worth $296,000 after purchasing an additional 6,055 shares during the period. Institutional investors own 25.42% of the company’s stock.

RCM Technologies Company Profile (Get 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 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.

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