RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 2,385 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 2,385 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $32.02, for a total transaction of $76,367.70. Following the completion of the transaction, the chief financial officer directly owned 448,215 shares in the company, valued at $14,351,844.30. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

Shares of NASDAQ:RCMT opened at $31.07 on Wednesday. The company’s 50-day moving average is $21.33 and its 200 day moving average is $21.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $218.11 million, a P/E ratio of 14.52 and a beta of -0.01. RCM Technologies, Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $32.05.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in RCM Technologies by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after acquiring an additional 8,532 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in RCM Technologies by 40.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock valued at $5,280,000 after acquiring an additional 74,760 shares during the period. Ballast Asset Management LP raised its stake in RCM Technologies by 1.0% in the 3rd quarter. Ballast Asset Management LP now owns 139,859 shares of the business services provider’s stock valued at $3,713,000 after acquiring an additional 1,348 shares during the period. Punch & Associates Investment Management Inc. raised its stake in RCM Technologies by 40.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider’s stock valued at $2,782,000 after acquiring an additional 38,872 shares during the period. Finally, Geode Capital Management LLC raised its stake in RCM Technologies by 78.9% in the 2nd quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider’s stock valued at $2,838,000 after acquiring an additional 53,094 shares during the period. 43.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RCMT. Zacks Research raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings reissued a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Benchmark boosted their price target on shares of RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, RCM Technologies currently has a consensus rating of “Buy” and a consensus target price of $36.00.

About RCM Technologies

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.