RCM Technologies (NASDAQ:RCMT) Upgraded at StockNews.com

StockNews.com upgraded shares of RCM Technologies (NASDAQ:RCMT) from a hold rating to a buy rating in a research note released on Tuesday.

A number of other research analysts also recently issued reports on RCMT. B. Riley upgraded shares of RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th. Benchmark cut their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 21st.

RCM Technologies Trading Down 0.7 %

Shares of NASDAQ RCMT opened at $16.06 on Tuesday. RCM Technologies has a 1-year low of $13.18 and a 1-year high of $26.37. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $17.19 and a two-hundred day moving average of $20.09. The company has a market cap of $121.88 million, a PE ratio of 8.24 and a beta of 0.21.

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

Hedge Funds Weigh In On RCM Technologies

Several hedge funds have recently added to or reduced their stakes in RCMT. BNP Paribas Financial Markets bought a new stake in shares of RCM Technologies in the 3rd quarter valued at about $48,000. Barclays PLC acquired a new position in RCM Technologies during the third quarter valued at approximately $180,000. JPMorgan Chase & Co. increased its stake in RCM Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 1,639 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in RCM Technologies in the fourth quarter worth $258,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of RCM Technologies during the first quarter worth $258,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

About RCM Technologies

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.