RCM Technologies (NASDAQ:RCMT) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of RCM Technologies (NASDAQ:RCMT) from a buy rating to a hold rating in a research note issued to investors on Monday.

RCMT has been the subject of a number of other reports. Benchmark lifted their price target on RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday. B. Riley raised their price objective on shares of RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday.

RCM Technologies Trading Up 4.3 %

RCMT stock opened at $25.04 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $191.06 million, a price-to-earnings ratio of 12.84 and a beta of 0.63. The business has a fifty day moving average price of $20.76 and a 200 day moving average price of $19.98. RCM Technologies has a fifty-two week low of $17.11 and a fifty-two week high of $32.15.

Institutional Trading of RCM Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. lifted its stake in RCM Technologies by 19.9% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after buying an additional 2,191 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of RCM Technologies by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock valued at $726,000 after acquiring an additional 2,737 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in RCM Technologies by 9.8% during the first quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 3,800 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of RCM Technologies by 13.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock valued at $1,571,000 after buying an additional 8,513 shares during the period. Finally, Truvestments Capital LLC increased its position in shares of RCM Technologies by 79.3% in the 1st quarter. Truvestments Capital LLC now owns 28,906 shares of the business services provider’s stock valued at $618,000 after buying an additional 12,788 shares in the last quarter. 43.20% of the stock is currently owned by institutional investors and hedge funds.

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.