RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 1,333 Shares

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 1,333 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $42.00, for a total transaction of $55,986.00. Following the completion of the transaction, the chief financial officer directly owned 332,616 shares of the company’s stock, valued at $13,969,872. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RCM Technologies Price Performance

RCMT opened at $40.97 on Friday. RCM Technologies, Inc. has a 12 month low of $17.26 and a 12 month high of $42.26. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. The stock has a market cap of $291.30 million, a P/E ratio of 17.81 and a beta of 0.29. The company has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $25.87.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Thursday, August 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%.The company had revenue of $93.82 million during the quarter, compared to the consensus estimate of $81.75 million. On average, research analysts expect that RCM Technologies, Inc. will post 2.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RCMT. Zacks Research upgraded shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. B. Riley Financial boosted their price objective on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Benchmark increased their target price on RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $45.00.

Hedge Funds Weigh In On RCM Technologies

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of RCM Technologies by 3.6% in the first quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock worth $8,324,000 after purchasing an additional 15,304 shares in the last quarter. Vanguard Group Inc. increased its stake in RCM Technologies by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after buying an additional 8,532 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in RCM Technologies by 40.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after buying an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RCM Technologies by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock worth $3,253,000 after buying an additional 1,774 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of RCM Technologies by 12.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 17,433 shares in the last quarter. 43.20% of the stock is owned by institutional investors.

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.