RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 4,734 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 4,734 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $32.00, for a total value of $151,488.00. Following the transaction, the chief financial officer owned 439,066 shares of the company’s stock, valued at $14,050,112. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

RCM Technologies stock opened at $31.40 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $220.55 million, a PE ratio of 14.67 and a beta of -0.01. RCM Technologies, Inc. has a one year low of $16.90 and a one year high of $32.28. The business has a 50 day simple moving average of $22.92 and a 200 day simple moving average of $21.36.

Institutional Investors Weigh In On RCM Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCMT. Pacific Ridge Capital Partners LLC increased its holdings in RCM Technologies by 40.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock valued at $5,280,000 after purchasing an additional 74,760 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RCM Technologies by 78.9% in the second quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider’s stock worth $2,838,000 after acquiring an additional 53,094 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of RCM Technologies by 40.0% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider’s stock worth $2,782,000 after acquiring an additional 38,872 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of RCM Technologies by 264.4% in the second quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider’s stock worth $1,164,000 after acquiring an additional 35,835 shares in the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in shares of RCM Technologies in the third quarter worth about $899,000. Institutional investors own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RCMT. Benchmark raised their target price on RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Zacks Research upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average 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.