RCM Technologies (NASDAQ:RCMT) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

RCM Technologies, Inc. (NASDAQ:RCMT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.00 and traded as high as $25.71. RCM Technologies shares last traded at $25.58, with a volume of 96,782 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RCMT shares. Wall Street Zen raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 9th. Benchmark cut their price objective on RCM Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 21st.

RCM Technologies Trading Up 3.6%

The stock has a market cap of $189.29 million, a P/E ratio of 14.79 and a beta of 0.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day simple moving average is $23.47 and its 200 day simple moving average is $20.00.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). The firm had revenue of $84.47 million during the quarter, compared to analyst estimates of $76.04 million. RCM Technologies had a net margin of 4.66% and a return on equity of 42.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of RCM Technologies during the 1st quarter worth approximately $258,000. Jane Street Group LLC bought a new position in RCM Technologies in the 4th quarter valued at approximately $369,000. Significant Wealth Partners LLC bought a new position in shares of RCM Technologies during the first quarter valued at $160,000. Mackenzie Financial Corp bought a new position in shares of RCM Technologies during the fourth quarter valued at $374,000. Finally, Two Sigma Investments LP raised its stake in shares of RCM Technologies by 10.0% during the fourth quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider’s stock valued at $1,290,000 after acquiring an additional 5,304 shares during the last quarter. 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.