RCM Technologies, Inc. (NASDAQ:RCMT) Director Roger H. Ballou Sells 2,000 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMTGet Rating) Director Roger H. Ballou sold 2,000 shares of RCM Technologies stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $15.28, for a total transaction of $30,560.00. Following the completion of the transaction, the director now directly owns 123,892 shares of the company’s stock, valued at approximately $1,893,069.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

RCM Technologies Stock Performance

Shares of RCMT stock traded down $0.11 during midday trading on Thursday, hitting $15.06. 58,844 shares of the company were exchanged, compared to its average volume of 127,919. RCM Technologies, Inc. has a 52 week low of $5.22 and a 52 week high of $28.82. The firm has a market capitalization of $148.19 million, a P/E ratio of 7.31 and a beta of 0.86. The firm’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $18.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Analyst Ratings Changes

Several brokerages recently issued reports on RCMT. Benchmark raised their target price on shares of RCM Technologies to $30.00 in a research note on Monday, August 15th. StockNews.com downgraded RCM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 11th. Finally, B. Riley upgraded RCM Technologies from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, August 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RCMT. Renaissance Technologies LLC grew its position in shares of RCM Technologies by 21.2% in the second quarter. Renaissance Technologies LLC now owns 737,965 shares of the business services provider’s stock valued at $14,936,000 after purchasing an additional 128,992 shares during the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in RCM Technologies by 36.7% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 447,927 shares of the business services provider’s stock worth $4,417,000 after purchasing an additional 120,168 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in RCM Technologies by 72.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 228,490 shares of the business services provider’s stock valued at $3,814,000 after purchasing an additional 96,100 shares during the period. Marshall Wace LLP bought a new stake in RCM Technologies in the 3rd quarter valued at $1,497,000. Finally, Bank of Montreal Can grew its holdings in RCM Technologies by 450.2% in the 3rd quarter. Bank of Montreal Can now owns 85,274 shares of the business services provider’s stock valued at $1,433,000 after buying an additional 69,774 shares in the last quarter. 38.92% of the stock is owned by institutional investors.

About RCM Technologies

(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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Insider Buying and Selling by Quarter for RCM Technologies (NASDAQ:RCMT)

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