Begins Coverage on RCM Technologies (NASDAQ:RCMT) started coverage on shares of RCM Technologies (NASDAQ:RCMTGet Rating) in a research note issued to investors on Thursday morning. The brokerage issued a buy rating on the business services provider’s stock.

RCM Technologies Stock Performance

Shares of RCM Technologies stock opened at $12.85 on Thursday. The company has a 50 day moving average of $13.63 and a 200-day moving average of $14.82. The company has a market cap of $126.44 million, a PE ratio of 6.43 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. RCM Technologies has a 1-year low of $7.36 and a 1-year high of $28.82.

RCM Technologies (NASDAQ:RCMTGet Rating) last released its earnings results on Thursday, March 16th. The business services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $70.22 million during the quarter, compared to analysts’ expectations of $67.05 million. RCM Technologies had a return on equity of 60.53% and a net margin of 7.34%.

Institutional Trading of RCM Technologies

Large investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. acquired a new position in RCM Technologies during the first quarter worth about $69,000. Citigroup Inc. bought a new position in RCM Technologies in the 1st quarter valued at approximately $26,000. Dimensional Fund Advisors LP boosted its position in RCM Technologies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 539,317 shares of the business services provider’s stock valued at $5,318,000 after buying an additional 11,603 shares in the last quarter. State Street Corp grew its stake in shares of RCM Technologies by 3.6% during the first quarter. State Street Corp now owns 25,955 shares of the business services provider’s stock worth $256,000 after buying an additional 900 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of RCM Technologies during the second quarter worth $60,000. 40.53% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Company Profile

(Get Rating)

RCM Technologies, Inc engages in the provision of business and technology solutions. It operates through the following segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a portfolio of engineering and design services across energy services, process and industrial, and aerospace sectors.

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