RCM Technologies (NASDAQ:RCMT) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of RCM Technologies (NASDAQ:RCMT) from a buy rating to a hold rating in a report issued on Saturday morning.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of RCM Technologies in a research note on Friday, July 17th. Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

RCM Technologies Stock Performance

Shares of RCMT opened at $28.92 on Friday. The company has a market cap of $205.04 million, a PE ratio of 13.64 and a beta of 0.29. The firm has a 50-day moving average of $27.20 and a 200-day moving average of $24.28. RCM Technologies has a one year low of $17.26 and a one year high of $32.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.92.

Hedge Funds Weigh In On RCM Technologies

Several institutional investors and hedge funds have recently modified their holdings of RCMT. Punch & Associates Investment Management Inc. lifted its stake in shares of RCM Technologies by 40.0% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider’s stock worth $2,782,000 after buying an additional 38,872 shares during the last quarter. Sei Investments Co. grew its stake in RCM Technologies by 209.9% in the 1st quarter. Sei Investments Co. now owns 126,872 shares of the business services provider’s stock valued at $2,428,000 after buying an additional 85,936 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings 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. Meros Investment Management LP raised its holdings in RCM Technologies by 69.0% in the 4th quarter. Meros Investment Management LP now owns 65,951 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 26,924 shares during the period. Finally, WNY Asset Management LLC acquired a new stake in RCM Technologies during the first quarter worth approximately $383,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

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.