Bradley Vizi Sells 4,508 Shares of RCM Technologies (NASDAQ:RCMT) Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 4,508 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $27.50, for a total value of $123,970.00. Following the sale, the chairman owned 1,526,770 shares in the company, valued at approximately $41,986,175. The trade was a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bradley Vizi also recently made the following trade(s):

• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $108,967.11.
• On Friday, August 29th, Bradley Vizi sold 673 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $18,507.50.
• On Tuesday, August 26th, Bradley Vizi sold 7,289 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total transaction of $200,520.39.

RCM Technologies Stock Down 0.7%

Shares of NASDAQ:RCMT opened at $26.59 on Thursday. The firm has a market capitalization of $197.03 million, a PE ratio of 15.11 and a beta of 0.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.85 and a current ratio of 1.85. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $28.27. The firm has a fifty day moving average of $25.38 and a 200 day moving average of $21.39.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded RCM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, RCM Technologies presently has a consensus rating of “Strong Buy” and an average target price of $33.50.

Institutional Investors Weigh In On RCM Technologies

A number of large investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of RCM Technologies during the second quarter valued at approximately $29,000. BNP Paribas Financial Markets increased its position in RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 579 shares during the period. JPMorgan Chase & Co. raised its holdings in RCM Technologies by 1,241.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after purchasing an additional 2,147 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of RCM Technologies in the 2nd quarter worth about $77,000. Finally, New York State Common Retirement Fund bought a new stake in shares of RCM Technologies during the 2nd quarter valued at about $101,000. 43.20% of the stock is currently owned by institutional investors.

About RCM Technologies

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.