Bard Associates Inc. Has $857,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Bard Associates Inc. cut its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMTFree Report) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,500 shares of the business services provider’s stock after selling 3,900 shares during the quarter. Bard Associates Inc. owned approximately 0.38% of RCM Technologies worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RCMT. Barclays PLC acquired a new position in RCM Technologies during the 3rd quarter worth about $99,000. Carmel Capital Partners LLC acquired a new position in shares of RCM Technologies in the 4th quarter valued at about $216,000. Stokes Family Office LLC lifted its stake in shares of RCM Technologies by 13.7% in the 3rd quarter. Stokes Family Office LLC now owns 12,608 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 1,517 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of RCM Technologies in the 4th quarter valued at about $250,000. Finally, Citigroup Inc. acquired a new position in shares of RCM Technologies in the 3rd quarter valued at about $372,000. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Stock Down 0.6 %

RCMT stock traded down $0.11 during trading on Tuesday, reaching $19.58. 10,272 shares of the stock were exchanged, compared to its average volume of 84,274. The firm’s 50 day moving average is $20.25 and its 200 day moving average is $25.11. RCM Technologies, Inc. has a twelve month low of $14.40 and a twelve month high of $32.15. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.75. The firm has a market cap of $151.75 million, a P/E ratio of 9.56 and a beta of 0.70.

RCM Technologies (NASDAQ:RCMTGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. RCM Technologies had a return on equity of 74.07% and a net margin of 6.32%. The business had revenue of $71.94 million for the quarter, compared to the consensus estimate of $72.27 million. As a group, research analysts forecast that RCM Technologies, Inc. will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RCMT. StockNews.com raised RCM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Benchmark reissued a “buy” rating and issued a $33.00 price objective on shares of RCM Technologies in a research note on Wednesday, May 15th.

Get Our Latest Stock Report on RCM Technologies

About RCM Technologies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for RCM Technologies (NASDAQ:RCMT)

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