R C M Technologies Inc (NASDAQ:RCMT) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,700 shares, a decrease of 87.8% from the June 15th total of 13,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 53,800 shares, the short-interest ratio is presently 0.0 days.
Shares of RCMT stock opened at $1.61 on Tuesday. The stock’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.97. The company has a market cap of $20.10 million, a PE ratio of -6.71 and a beta of 1.47. R C M Technologies has a fifty-two week low of $1.02 and a fifty-two week high of $3.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13.
R C M Technologies (NASDAQ:RCMT) last issued its earnings results on Monday, May 11th. The business services provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.09. The firm had revenue of $45.03 million for the quarter, compared to the consensus estimate of $49.49 million. R C M Technologies had a positive return on equity of 9.98% and a negative net margin of 1.82%. On average, equities analysts predict that R C M Technologies will post -0.24 EPS for the current fiscal year.
A number of equities analysts have commented on RCMT shares. ValuEngine upgraded R C M Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. Zacks Investment Research lowered R C M Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, June 17th. Finally, B. Riley reduced their target price on R C M Technologies from $2.00 to $1.75 and set a “neutral” rating on the stock in a report on Wednesday, May 13th.
In related news, Chairman Bradley Vizi acquired 850,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $1.20 per share, for a total transaction of $1,020,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin D. Miller acquired 150,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $1.20 per share, for a total transaction of $180,000.00. The disclosure for this purchase can be found here. Insiders acquired 1,100,000 shares of company stock worth $1,320,000 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.
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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