RCM Technologies, Inc. (NASDAQ:RCMT – Get Free Report) insider Michael Saks sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $41.07, for a total transaction of $410,700.00. Following the completion of the transaction, the insider directly owned 89,307 shares in the company, valued at $3,667,838.49. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Michael Saks also recently made the following trade(s):
- On Friday, August 14th, Michael Saks sold 11,792 shares of RCM Technologies stock. The stock was sold at an average price of $33.56, for a total transaction of $395,739.52.
RCM Technologies Stock Performance
Shares of RCMT stock traded up $0.87 during mid-day trading on Thursday, hitting $41.03. The stock had a trading volume of 79,023 shares, compared to its average volume of 64,206. The firm has a market cap of $291.76 million, a PE ratio of 17.84 and a beta of 0.29. The company’s 50-day simple moving average is $28.71 and its 200-day simple moving average is $24.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.92. RCM Technologies, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $42.04.
Analysts Set New Price Targets
Several analysts have recently commented on RCMT shares. Zacks Research cut RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. B. Riley Financial upped their price objective on RCM Technologies from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Benchmark boosted their target price on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RCM Technologies in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RCM Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.
Check Out Our Latest Stock Analysis on RCM Technologies
Hedge Funds Weigh In On RCM Technologies
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after purchasing an additional 579 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 buying an additional 2,147 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of RCM Technologies in the third quarter valued at $60,000. Lazard Asset Management LLC acquired a new position in shares of RCM Technologies during the 2nd quarter worth $77,000. Finally, New York State Common Retirement Fund acquired a new position in shares of RCM Technologies during the 2nd quarter worth $101,000. 43.20% of the stock is owned by hedge funds and other institutional investors.
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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