RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin D. Miller Sells 3,395 Shares

RCM Technologies, Inc. (NASDAQ:RCMTGet Rating) CFO Kevin D. Miller sold 3,395 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $19.45, for a total transaction of $66,032.75. Following the sale, the chief financial officer now owns 646,605 shares of the company’s stock, valued at approximately $12,576,467.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ RCMT opened at $18.14 on Friday. The firm has a market capitalization of $183.94 million, a PE ratio of 12.01 and a beta of 1.03. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.52. RCM Technologies, Inc. has a 1 year low of $3.31 and a 1 year high of $20.48. The firm’s 50-day moving average is $12.25 and its 200-day moving average is $8.77.

RCM Technologies (NASDAQ:RCMTGet Rating) last issued its earnings results on Wednesday, April 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.35. RCM Technologies had a net margin of 6.84% and a return on equity of 46.67%. During the same period last year, the firm posted $0.08 EPS. As a group, equities research analysts anticipate that RCM Technologies, Inc. will post 2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. EAM Investors LLC boosted its stake in shares of RCM Technologies by 1.6% in the 1st quarter. EAM Investors LLC now owns 192,421 shares of the business services provider’s stock valued at $1,897,000 after purchasing an additional 2,980 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RCM Technologies by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 539,317 shares of the business services provider’s stock valued at $5,318,000 after purchasing an additional 11,603 shares during the last quarter. Acadian Asset Management LLC boosted its stake in RCM Technologies by 13.5% during the 1st quarter. Acadian Asset Management LLC now owns 209,211 shares of the business services provider’s stock worth $2,062,000 after acquiring an additional 24,860 shares during the last quarter. Citigroup Inc. bought a new position in RCM Technologies during the 1st quarter worth approximately $26,000. Finally, Rutabaga Capital Management LLC MA boosted its stake in RCM Technologies by 36.7% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 447,927 shares of the business services provider’s stock worth $4,417,000 after acquiring an additional 120,168 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on RCMT shares. StockNews.com started coverage on shares of RCM Technologies in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. TheStreet raised shares of RCM Technologies from a “c” rating to a “b-” rating in a report on Thursday, April 28th. Zacks Investment Research raised shares of RCM Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Thursday, May 5th. Benchmark increased their price objective on shares of RCM Technologies from $8.00 to $16.00 in a report on Friday, April 1st. Finally, B. Riley increased their price objective on shares of RCM Technologies from $7.50 to $16.50 in a report on Friday, April 29th.

RCM Technologies Company Profile (Get Rating)

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. 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.

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