RCM Technologies, Inc. (NASDAQ:RCMT) – Equities researchers at B. Riley lifted their FY2021 earnings per share (EPS) estimates for shares of RCM Technologies in a research note issued on Tuesday, April 6th. B. Riley analyst A. Rygiel now forecasts that the business services provider will post earnings per share of $0.23 for the year, up from their previous estimate of $0.12. B. Riley has a “Neutral” rating and a $4.00 price target on the stock.
RCM Technologies (NASDAQ:RCMT) last released its earnings results on Wednesday, March 31st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.16). RCM Technologies had a negative net margin of 3.91% and a positive return on equity of 0.70%.
Separately, Zacks Investment Research upgraded shares of RCM Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 12th.
RCM Technologies stock opened at $3.59 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.57. RCM Technologies has a 1 year low of $1.12 and a 1 year high of $12.49. The company has a market cap of $42.91 million, a PE ratio of -7.64 and a beta of 1.87. The company’s 50-day moving average is $3.93 and its two-hundred day moving average is $2.41.
An institutional investor recently bought a new position in RCM Technologies stock. HighTower Advisors LLC bought a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,000 shares of the business services provider’s stock, valued at approximately $93,000. HighTower Advisors LLC owned approximately 0.38% of RCM Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 23.07% 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 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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