Shares of R C M Technologies Inc (NASDAQ:RCMT) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price target of $6.50 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given R C M Technologies an industry rank of 220 out of 256 based on the ratings given to its competitors.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut R C M Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. ValuEngine lowered R C M Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
RCMT remained flat at $$3.34 during trading on Wednesday. The company’s stock had a trading volume of 2,710 shares, compared to its average volume of 10,405. The company’s 50-day simple moving average is $3.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.04 and a current ratio of 3.04. R C M Technologies has a 1-year low of $2.54 and a 1-year high of $5.07. The firm has a market cap of $42.62 million, a price-to-earnings ratio of 10.77 and a beta of 1.06.
R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.34 million. R C M Technologies had a return on equity of 16.09% and a net margin of 1.55%. As a group, equities research analysts predict that R C M Technologies will post 0.41 EPS for the current year.
A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC boosted its stake in R C M Technologies Inc (NASDAQ:RCMT) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,218 shares of the business services provider’s stock after buying an additional 4,290 shares during the quarter. Bourgeon Capital Management LLC owned approximately 1.51% of R C M Technologies worth $769,000 at the end of the most recent reporting period. 26.59% of the stock is owned by hedge funds and other institutional investors.
About R C M Technologies
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, 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.
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