RCM Technologies (NASDAQ:RCMT) Price Target Raised to $37.00

RCM Technologies (NASDAQ:RCMT) had its price objective lifted by Benchmark from $33.00 to $37.00 in a research report report published on Monday,Benzinga reports. Benchmark currently has a buy rating on the business services provider’s stock.

Separately, B. Riley increased their target price on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday.

RCM Technologies Trading Down 8.5 %

Shares of RCM Technologies stock opened at $23.70 on Monday. The stock has a market capitalization of $180.12 million, a P/E ratio of 12.15 and a beta of 0.63. The company has a quick ratio of 1.48, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The company has a 50-day simple moving average of $21.06 and a 200 day simple moving average of $20.10. RCM Technologies has a 12-month low of $17.11 and a 12-month high of $32.15.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its holdings in RCM Technologies by 13.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock worth $1,571,000 after acquiring an additional 8,513 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of RCM Technologies by 466.4% in the 1st quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 49,350 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of RCM Technologies by 9.8% in the 1st 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 last quarter. Marshall Wace LLP boosted its stake in shares of RCM Technologies by 174.0% in the 2nd quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 24,380 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in shares of RCM Technologies by 2.2% in the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 43.20% of the company’s stock.

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.