RCM Technologies (NASDAQ:RCMT) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of RCM Technologies (NASDAQ:RCMT) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of RCM Technologies in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, RCM Technologies presently has an average rating of “Buy” and a consensus price target of $33.50.

RCM Technologies Stock Performance

NASDAQ:RCMT opened at $25.22 on Friday. The company has a fifty day simple moving average of $25.73 and a two-hundred day simple moving average of $22.43. The company has a market cap of $186.88 million, a price-to-earnings ratio of 14.33 and a beta of 0.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.92. RCM Technologies has a 52 week low of $13.18 and a 52 week high of $28.27.

Insiders Place Their Bets

In related news, insider Michael Saks sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $27.50, for a total transaction of $137,500.00. Following the completion of the transaction, the insider owned 109,547 shares in the company, valued at approximately $3,012,542.50. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Bradley Vizi sold 7,289 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $27.51, for a total transaction of $200,520.39. Following the transaction, the chairman owned 1,531,951 shares of the company’s stock, valued at approximately $42,143,972.01. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,067 shares of company stock valued at $909,503. Insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On RCM Technologies

Several large investors have recently bought and sold shares of RCMT. Police & Firemen s Retirement System of New Jersey acquired a new position in RCM Technologies in the second quarter valued at $29,000. BNP Paribas Financial Markets boosted its stake in 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 valued at $45,000 after acquiring an additional 579 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 valued at $55,000 after acquiring an additional 2,147 shares in the last quarter. Lazard Asset Management LLC acquired a new position in RCM Technologies in the second quarter valued at $77,000. Finally, New York State Common Retirement Fund acquired a new position in RCM Technologies in the second quarter valued at $101,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

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.