Shares of RCM Technologies, Inc. (NASDAQ:RCMT – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.79 and traded as high as $29.16. RCM Technologies shares last traded at $28.50, with a volume of 34,812 shares changing hands.
Analyst Upgrades and Downgrades
RCMT has been the topic of several analyst reports. Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Wall Street Zen upgraded shares of RCM Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Benchmark lifted their target price on shares of RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, RCM Technologies currently has an average rating of “Hold” and a consensus target price of $36.00.
Get Our Latest Analysis on RCM Technologies
RCM Technologies Price Performance
Hedge Funds Weigh In On RCM Technologies
A number of large investors have recently made changes to their positions in RCMT. Renaissance Technologies LLC lifted its stake in shares of RCM Technologies by 3.6% in the first quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock valued at $8,324,000 after purchasing an additional 15,304 shares during the period. Vanguard Group Inc. increased its holdings in RCM Technologies by 3.1% in the third quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after buying an additional 8,532 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of RCM Technologies by 40.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock valued at $5,280,000 after acquiring an additional 74,760 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of RCM Technologies by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock valued at $3,253,000 after acquiring an additional 1,774 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of RCM Technologies by 12.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 17,433 shares during the period. Hedge funds and other institutional investors own 43.20% of the company’s stock.
About RCM Technologies
RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.
Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.
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