Municipal Employees Retirement System of Michigan Purchases 15,520 Shares of R C M Technologies Inc (RCMT)
Municipal Employees Retirement System of Michigan boosted its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 32.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,250 shares of the business services provider’s stock after buying an additional 15,520 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.53% of R C M Technologies worth $319,000 as of its most recent SEC filing.
Shares of R C M Technologies Inc (NASDAQ:RCMT) opened at 5.4845 on Wednesday. The firm has a market cap of $65.86 million, a P/E ratio of 114.2604 and a beta of 0.12. The firm’s 50-day moving average is $5.30 and its 200-day moving average is $5.21. R C M Technologies Inc has a 52-week low of $4.51 and a 52-week high of $7.23.
R C M Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. R C M Technologies had a return on equity of 2.37% and a net margin of 0.42%. The firm had revenue of $45.51 million during the quarter. Analysts anticipate that R C M Technologies Inc will post $0.28 earnings per share for the current year.
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Separately, Benchmark Co. initiated coverage on R C M Technologies in a research note on Thursday, July 13th. They issued a “buy” rating and a $7.00 price objective for the company.
R C M Technologies Company Profile
RCM Technologies, Inc is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services.
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