RCM Technologies (NASDAQ:RCMT) Upgraded to Buy at StockNews.com

RCM Technologies (NASDAQ:RCMT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

RCM Technologies Trading Down 0.6 %

RCM Technologies stock traded down $0.11 during midday trading on Friday, reaching $19.47. The stock had a trading volume of 51,583 shares, compared to its average volume of 94,493. RCM Technologies has a twelve month low of $11.14 and a twelve month high of $32.15. The stock has a market capitalization of $154.59 million, a PE ratio of 9.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50-day simple moving average is $25.11 and its 200 day simple moving average is $25.05.

RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings data on Wednesday, March 13th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $71.03 million for the quarter, compared to analysts’ expectations of $72.47 million. RCM Technologies had a return on equity of 71.41% and a net margin of 6.39%. Analysts expect that RCM Technologies will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tucker Asset Management LLC lifted its stake in shares of RCM Technologies by 150.0% during the fourth quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider’s stock worth $36,000 after purchasing an additional 750 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of RCM Technologies during the third quarter worth about $29,000. Tower Research Capital LLC TRC acquired a new position in shares of RCM Technologies during the third quarter worth about $48,000. JPMorgan Chase & Co. acquired a new position in shares of RCM Technologies in the second quarter worth about $52,000. Finally, Citigroup Inc. acquired a new position in shares of RCM Technologies in the first quarter worth about $26,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

RCM Technologies Company 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.