Zacks Investment Research cut shares of R C M Technologies (NASDAQ:RCMT) from a buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.
According to Zacks, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management. “
Several other research firms have also issued reports on RCMT. ValuEngine raised R C M Technologies from a sell rating to a hold rating in a report on Wednesday, October 2nd. B. Riley reaffirmed a buy rating and issued a $6.00 target price on shares of R C M Technologies in a report on Friday, September 13th.
Shares of RCMT stock remained flat at $$2.91 during trading on Thursday. The stock had a trading volume of 5,700 shares, compared to its average volume of 15,715. The company has a market cap of $37.31 million, a P/E ratio of 9.39 and a beta of 1.03. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $3.07 and its two-hundred day moving average is $3.44. R C M Technologies has a 52 week low of $2.54 and a 52 week high of $4.82.
R C M Technologies (NASDAQ:RCMT) last released its earnings results on Wednesday, August 7th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $50.71 million during the quarter, compared to analyst estimates of $52.32 million. R C M Technologies had a return on equity of 14.34% and a net margin of 2.00%. On average, sell-side analysts expect that R C M Technologies will post 0.41 EPS for the current fiscal year.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC raised its position in shares of R C M Technologies Inc (NASDAQ:RCMT) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,218 shares of the business services provider’s stock after purchasing an additional 4,290 shares during the period. Bourgeon Capital Management LLC owned 1.51% of R C M Technologies worth $769,000 as of its most recent filing with the Securities and Exchange Commission. 26.01% of the stock is currently owned by institutional investors and hedge funds.
R C M Technologies Company Profile
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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