Bourgeon Capital Management LLC Buys 6,589 Shares of RCM Technologies, Inc. (RCMT)
Bourgeon Capital Management LLC increased its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 124,607 shares of the business services provider’s stock after buying an additional 6,589 shares during the period. Bourgeon Capital Management LLC’s holdings in RCM Technologies were worth $629,000 at the end of the most recent reporting period.
Separately, Municipal Employees Retirement System of Michigan raised its stake in RCM Technologies by 32.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 63,250 shares of the business services provider’s stock worth $319,000 after buying an additional 15,520 shares during the last quarter. Institutional investors and hedge funds own 53.27% of the company’s stock.
Shares of RCM Technologies, Inc. (NASDAQ RCMT) opened at 5.34 on Friday. RCM Technologies, Inc. has a 12-month low of $4.51 and a 12-month high of $7.23. The stock has a market cap of $63.88 million, a price-to-earnings ratio of 49.91 and a beta of 0.12. The stock has a 50 day moving average price of $5.21 and a 200-day moving average price of $5.26.
RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The business had revenue of $45.51 million during the quarter. RCM Technologies had a net margin of 0.36% and a return on equity of 4.38%. Equities analysts anticipate that RCM Technologies, Inc. will post $0.27 EPS for the current fiscal year.
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Separately, Benchmark Co. initiated coverage on RCM Technologies in a report on Thursday, July 13th. They issued a “buy” rating and a $7.00 target price for the company.
RCM Technologies Company Profile
RCM Technologies, Inc is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services.
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