RCM Technologies (NASDAQ:RCMT) Cut to Hold at StockNews.com

StockNews.com lowered shares of RCM Technologies (NASDAQ:RCMT) from a buy rating to a hold rating in a research note released on Monday morning.

RCMT has been the subject of several other reports. Benchmark raised their price target on RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday. B. Riley lifted their target price on RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday.

RCM Technologies Stock Performance

Shares of RCMT stock opened at $22.63 on Monday. RCM Technologies has a one year low of $17.11 and a one year high of $32.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.48 and a current ratio of 1.63. The firm’s 50 day moving average price is $21.06 and its 200-day moving average price is $20.10. The firm has a market cap of $171.99 million, a P/E ratio of 11.61 and a beta of 0.63.

Institutional Trading of RCM Technologies

A number of large investors have recently modified their holdings of RCMT. Truvestments Capital LLC grew its stake in RCM Technologies by 2.2% during the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock worth $713,000 after purchasing an additional 772 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of RCM Technologies by 19.9% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock worth $247,000 after buying an additional 2,191 shares during the period. BNP Paribas Financial Markets acquired a new stake in RCM Technologies in the third quarter valued at approximately $48,000. Janney Montgomery Scott LLC lifted its stake in RCM Technologies by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock worth $726,000 after acquiring an additional 2,737 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in RCM Technologies by 9.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider’s stock worth $913,000 after acquiring an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

RCM Technologies Company Profile

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.