RCM Technologies (NASDAQ:RCMT) Cut to “Strong Sell” at Zacks Research

RCM Technologies (NASDAQ:RCMT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of RCM Technologies in a research report on Wednesday, October 8th. Wall Street Zen cut RCM Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, RCM Technologies has an average rating of “Moderate Buy” and an average target price of $30.00.

RCM Technologies Trading Down 1.5%

Shares of RCM Technologies stock opened at $19.30 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $24.50 and its 200-day simple moving average is $23.85. RCM Technologies has a 1 year low of $13.18 and a 1 year high of $28.27. The company has a market cap of $143.03 million, a price-to-earnings ratio of 10.97 and a beta of 0.12.

RCM Technologies (NASDAQ:RCMT) last issued its earnings results on Wednesday, November 5th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $70.29 million during the quarter, compared to analyst estimates of $67.34 million. RCM Technologies had a net margin of 4.53% and a return on equity of 39.98%.

Insider Activity at RCM Technologies

In other RCM Technologies news, Chairman Bradley Vizi sold 7,289 shares of RCM Technologies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $27.51, for a total transaction of $200,520.39. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Saks sold 5,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $27.50, for a total value of $137,500.00. Following the completion of the transaction, the insider directly owned 109,547 shares in the company, valued at $3,012,542.50. The trade was a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,067 shares of company stock worth $909,503 over the last 90 days. 26.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC increased its holdings in RCM Technologies by 30.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 156,994 shares of the business services provider’s stock worth $2,449,000 after buying an additional 36,608 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of RCM Technologies in the first quarter valued at $1,170,000. Ancora Advisors LLC lifted its stake in shares of RCM Technologies by 72.4% during the 1st quarter. Ancora Advisors LLC now owns 168,125 shares of the business services provider’s stock worth $2,623,000 after buying an additional 70,628 shares during the last quarter. Significant Wealth Partners LLC grew its stake in RCM Technologies by 22.3% in the 2nd quarter. Significant Wealth Partners LLC now owns 12,546 shares of the business services provider’s stock valued at $296,000 after buying an additional 2,284 shares during the last quarter. Finally, Boston Partners raised its holdings in RCM Technologies by 4.2% in the 1st quarter. Boston Partners now owns 25,521 shares of the business services provider’s stock valued at $398,000 after acquiring an additional 1,023 shares during the period. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Company Profile

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.