RCM Technologies, Inc. (NASDAQ:RCMT) Insider Sells $68,419.48 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) insider Michael Saks sold 2,852 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $23.99, for a total transaction of $68,419.48. Following the transaction, the insider now directly owns 114,158 shares of the company’s stock, valued at $2,738,650.42. The trade was a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Michael Saks also recently made the following trade(s):

• On Monday, December 2nd, Michael Saks sold 5,000 shares of RCM Technologies stock. The shares were sold at an average price of $23.22, for a total transaction of $116,100.00.

RCM Technologies Stock Up 1.8 %

Shares of NASDAQ:RCMT opened at $24.44 on Friday. RCM Technologies, Inc. has a one year low of $17.11 and a one year high of $32.15. The company has a 50 day moving average of $22.05 and a 200-day moving average of $20.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $185.74 million, a price-to-earnings ratio of 12.53 and a beta of 0.64.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCMT shares. StockNews.com downgraded shares of RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. B. Riley raised their price objective on shares of RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark raised their price objective on shares of RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RCMT. BNP Paribas Financial Markets bought a new position in RCM Technologies in the third quarter valued at approximately $48,000. Barclays PLC bought a new position in RCM Technologies in the third quarter valued at approximately $180,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in RCM Technologies by 19.9% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after buying an additional 2,191 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of RCM Technologies in the third quarter worth $265,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of RCM Technologies in the third quarter worth $315,000. Institutional investors and hedge funds 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.