RCM Technologies, Inc. (NASDAQ:RCMT) Stock Position Decreased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its position in RCM Technologies, Inc. (NASDAQ:RCMT) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,642 shares of the business services provider’s stock after selling 1,500 shares during the period. Bridgeway Capital Management LLC owned 0.50% of RCM Technologies worth $834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in RCM Technologies in the third quarter worth approximately $180,000. JPMorgan Chase & Co. boosted its holdings 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 worth $234,000 after purchasing an additional 1,639 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in RCM Technologies during the fourth quarter worth $258,000. 683 Capital Management LLC bought a new position in RCM Technologies during the fourth quarter valued at about $337,000. Finally, Jane Street Group LLC bought a new position in RCM Technologies during the fourth quarter valued at about $369,000. Institutional investors own 43.20% of the company’s stock.

Analysts Set New Price Targets

RCMT has been the subject of several recent analyst reports. StockNews.com upgraded RCM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. B. Riley raised shares of RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Benchmark decreased their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 21st.

RCM Technologies Trading Down 2.2%

Shares of NASDAQ:RCMT opened at $20.33 on Monday. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $26.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $150.52 million, a P/E ratio of 10.43 and a beta of 0.15. The stock’s 50-day moving average is $16.62 and its 200-day moving average is $19.70.

RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The business had revenue of $84.47 million during the quarter, compared to the consensus estimate of $76.04 million.

RCM Technologies 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.