RCM Technologies, Inc. (NASDAQ:RCMT) Position Increased by Truvestments Capital LLC

Truvestments Capital LLC raised its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 31.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,125 shares of the business services provider’s stock after buying an additional 10,977 shares during the period. Truvestments Capital LLC’s holdings in RCM Technologies were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. lifted its stake in RCM Technologies by 60.5% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider’s stock valued at $463,000 after buying an additional 7,869 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in RCM Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,639 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in RCM Technologies during the third quarter valued at about $265,000. Barclays PLC purchased a new stake in RCM Technologies during the third quarter valued at about $180,000. Finally, State Street Corp lifted its position in shares of RCM Technologies by 6.7% in the third quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock worth $518,000 after purchasing an additional 1,600 shares in the last quarter. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Price Performance

NASDAQ RCMT opened at $17.45 on Wednesday. The company has a 50 day simple moving average of $19.68 and a 200-day simple moving average of $20.91. 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 firm has a market capitalization of $132.57 million, a price-to-earnings ratio of 8.95 and a beta of 0.58. RCM Technologies, Inc. has a 52-week low of $17.11 and a 52-week high of $29.23.

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.