StockNews.com Begins Coverage on RCM Technologies (NASDAQ:RCMT)

StockNews.com started coverage on shares of RCM Technologies (NASDAQ:RCMT – Get 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:RCMT – Get 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

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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.