RCM Technologies (NASDAQ:RCMT) Raised to “Strong-Buy” at B. Riley

RCM Technologies (NASDAQ:RCMT) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

RCM Technologies Stock Down 6.7 %

Shares of RCM Technologies stock opened at $14.95 on Tuesday. RCM Technologies has a 52-week low of $13.18 and a 52-week high of $26.37. The firm’s 50 day moving average price is $19.01 and its 200-day moving average price is $20.73. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The company has a market cap of $113.58 million, a P/E ratio of 7.67 and a beta of 0.58.

RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.37). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The business had revenue of $76.91 million for the quarter, compared to analyst estimates of $79.00 million.

Institutional Trading of RCM Technologies

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in shares of RCM Technologies in the third quarter worth $48,000. Barclays PLC purchased a new position in RCM Technologies in the 3rd quarter worth $180,000. JPMorgan Chase & Co. lifted its position in RCM Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock worth $234,000 after acquiring an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of RCM Technologies in the fourth quarter valued at about $258,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of RCM Technologies in the fourth quarter worth about $259,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

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.