Short Interest in RCM Technologies, Inc. (NASDAQ:RCMT) Decreases By 23.1%

RCM Technologies, Inc. (NASDAQ:RCMT) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 209,100 shares, a decrease of 23.1% from the March 31st total of 272,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average trading volume of 91,600 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of RCM Technologies

Hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC raised its holdings in shares of RCM Technologies by 150.0% in the 4th quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 750 shares in the last quarter. Barclays PLC bought a new stake in shares of RCM Technologies in the 3rd quarter valued at about $99,000. Carmel Capital Partners LLC acquired a new stake in RCM Technologies in the 4th quarter worth approximately $216,000. Stokes Family Office LLC increased its position in shares of RCM Technologies by 13.7% in the 3rd quarter. Stokes Family Office LLC now owns 12,608 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 1,517 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of RCM Technologies in the 4th quarter valued at $250,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Trading Up 0.1 %

Shares of RCMT traded up $0.01 during midday trading on Tuesday, hitting $18.95. The stock had a trading volume of 54,681 shares, compared to its average volume of 89,925. The stock’s 50 day moving average is $22.88 and its 200 day moving average is $25.10. The firm has a market cap of $150.46 million, a PE ratio of 9.52 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.56 and a quick ratio of 1.56. RCM Technologies has a 1 year low of $11.34 and a 1 year high of $32.15.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, March 13th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $71.03 million during the quarter, compared to the consensus estimate of $72.47 million. RCM Technologies had a net margin of 6.39% and a return on equity of 71.41%. As a group, analysts forecast that RCM Technologies will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of RCM Technologies from a “hold” rating to a “buy” rating in a report on Friday, April 12th.

About RCM Technologies

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.