RCM Technologies (NASDAQ:RCMT) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of RCM Technologies (NASDAQ:RCMTFree Report) from a buy rating to a hold rating in a research note released on Tuesday.

RCM Technologies Stock Up 0.7 %

RCM Technologies stock opened at $20.84 on Tuesday. The company has a market capitalization of $165.47 million, a P/E ratio of 10.47 and a beta of 0.73. The firm’s fifty day simple moving average is $26.49 and its 200-day simple moving average is $25.12. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.19. RCM Technologies has a 1-year low of $10.68 and a 1-year high of $32.15.

Insider Buying and Selling

In related news, CFO Kevin D. Miller sold 1,400 shares of RCM Technologies stock in a transaction on Monday, January 8th. The shares were sold at an average price of $32.00, for a total value of $44,800.00. Following the transaction, the chief financial officer now owns 453,600 shares in the company, valued at approximately $14,515,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.30% of the company’s stock.

Institutional Trading of RCM Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in RCM Technologies in the 4th quarter worth $252,000. Tucker Asset Management LLC boosted its position in shares of RCM Technologies by 150.0% during the 4th quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 750 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of RCM Technologies during the 4th quarter valued at about $455,000. Barclays PLC boosted its position in shares of RCM Technologies by 98.8% during the 4th quarter. Barclays PLC now owns 10,021 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 4,980 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of RCM Technologies during the 4th quarter valued at about $542,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

About RCM Technologies

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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.

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