R C M Technologies Inc (NASDAQ:RCMT) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,200 shares, a decline of 40.5% from the September 30th total of 3,700 shares. Based on an average daily volume of 16,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC boosted its holdings in shares of R C M Technologies Inc (NASDAQ:RCMT) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,179 shares of the business services provider’s stock after buying an additional 15,961 shares during the period. Bourgeon Capital Management LLC owned approximately 1.61% of R C M Technologies worth $625,000 as of its most recent filing with the Securities and Exchange Commission. 26.15% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of R C M Technologies in a research report on Friday, September 13th. Zacks Investment Research lowered R C M Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, ValuEngine raised R C M Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of R C M Technologies stock traded up $0.05 on Friday, reaching $2.99. 1,000 shares of the company were exchanged, compared to its average volume of 15,223. The firm has a market capitalization of $38.09 million, a price-to-earnings ratio of 9.65 and a beta of 1.03. R C M Technologies has a fifty-two week low of $2.54 and a fifty-two week high of $4.82. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average price of $2.97 and a 200-day moving average price of $3.27.

R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $40.25 million for the quarter, compared to analyst estimates of $43.80 million. R C M Technologies had a net margin of 1.84% and a return on equity of 12.38%. On average, equities analysts anticipate that R C M Technologies will post 0.41 earnings per share for the current fiscal year.

About R C M Technologies

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, 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.

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