Shares of R C M Technologies Inc (NASDAQ:RCMT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.05 and traded as low as $2.77. R C M Technologies shares last traded at $2.79, with a volume of 14,554 shares changing hands.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of R C M Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. ValuEngine raised shares of R C M Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The stock has a market capitalization of $37.20 million, a price-to-earnings ratio of 9.79 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.03 and a quick ratio of 3.03. The business’s 50-day simple moving average is $2.85 and its two-hundred day simple moving average is $3.03.
R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $40.25 million for the quarter, compared to analyst estimates of $43.80 million. R C M Technologies had a net margin of 1.84% and a return on equity of 12.38%.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC grew its position in shares of R C M Technologies Inc (NASDAQ:RCMT) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,179 shares of the business services provider’s stock after purchasing an additional 15,961 shares during the period. Bourgeon Capital Management LLC owned approximately 1.61% of R C M Technologies worth $625,000 as of its most recent SEC filing. Institutional investors and hedge funds own 25.41% of the company’s stock.
R C M Technologies Company Profile (NASDAQ:RCMT)
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 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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