Insider Selling: RCM Technologies (NASDAQ:RCMT) CFO Sells 2,932 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 2,932 shares of RCM Technologies stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $32.04, for a total transaction of $93,941.28. Following the transaction, the chief financial officer directly owned 443,800 shares in the company, valued at approximately $14,219,352. This represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Stock Performance

Shares of RCM Technologies stock traded up $0.70 during mid-day trading on Friday, hitting $31.62. 54,375 shares of the stock were exchanged, compared to its average volume of 56,480. RCM Technologies, Inc. has a 12 month low of $16.51 and a 12 month high of $32.28. The company has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $21.17. 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 $221.97 million, a P/E ratio of 14.78 and a beta of -0.01.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of RCMT. Janney Montgomery Scott LLC grew its position in shares of RCM Technologies by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,735 shares of the business services provider’s stock valued at $684,000 after purchasing an additional 1,341 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position 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 valued at $2,782,000 after purchasing an additional 38,872 shares in the last quarter. Meros Investment Management LP grew its position in shares of RCM Technologies by 69.0% during 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 purchasing an additional 26,924 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of RCM Technologies during the 4th quarter valued at $257,000. Finally, Barclays PLC grew its position in shares of RCM Technologies by 21.1% during the 4th quarter. Barclays PLC now owns 12,717 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 2,216 shares in the last quarter. Institutional investors own 43.20% of the company’s stock.

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.