RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 2,385 Shares

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 2,385 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $32.02, for a total value of $76,367.70. Following the completion of the transaction, the chief financial officer owned 448,215 shares in the company, valued at $14,351,844.30. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

Shares of RCM Technologies stock traded up $0.28 during trading hours on Tuesday, hitting $31.07. The company’s stock had a trading volume of 121,204 shares, compared to its average volume of 56,641. The business has a 50 day moving average price of $21.06 and a two-hundred day moving average price of $20.99. RCM Technologies, Inc. has a 12-month low of $15.29 and a 12-month high of $32.05. The company has a market cap of $218.11 million, a PE ratio of 14.52 and a beta of -0.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.85 and a current ratio of 1.85.

Institutional Investors Weigh In On RCM Technologies

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of RCM Technologies by 44.1% in the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after buying an additional 579 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of RCM Technologies by 1,241.0% in the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after buying an additional 2,147 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in RCM Technologies during the third quarter worth approximately $60,000. Lazard Asset Management LLC bought a new stake in RCM Technologies during the second quarter worth approximately $77,000. Finally, New York State Common Retirement Fund bought a new stake in RCM Technologies during the second quarter worth approximately $101,000. 43.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RCMT. Zacks Research upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of RCM Technologies in a research report on Friday, March 27th. Wall Street Zen upgraded RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Finally, Benchmark boosted their target price on RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, RCM Technologies presently has an average rating of “Buy” and an average target price of $36.00.

RCM Technologies Company Profile

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.