Zacks: R C M Technologies Inc (NASDAQ:RCMT) Receives Consensus Rating of “Strong Buy” from Analysts

R C M Technologies Inc (NASDAQ:RCMT) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $6.00 for the company, according to Zacks. Zacks has also given R C M Technologies an industry rank of 196 out of 255 based on the ratings given to related companies.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded R C M Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. ValuEngine raised R C M Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

RCMT traded down $0.11 on Tuesday, hitting $2.83. 23,010 shares of the stock traded hands, compared to its average volume of 11,089. R C M Technologies has a 52 week low of $2.68 and a 52 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 firm has a market capitalization of $36.67 million, a PE ratio of 9.13 and a beta of 1.02. The business has a fifty day moving average price of $2.83 and a two-hundred day moving average price of $3.07.

R C M Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $40.25 million for the quarter, compared to the consensus estimate 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 research analysts forecast that R C M Technologies will post 0.41 EPS for the current fiscal year.

An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC raised its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,179 shares of the business services provider’s stock after purchasing an additional 15,961 shares during the quarter. Bourgeon Capital Management LLC owned 1.61% of R C M Technologies worth $625,000 as of its most recent filing with the Securities and Exchange Commission. 25.41% of the stock is owned by institutional investors and hedge funds.

R C M Technologies Company Profile

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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