RCM Technologies’ (RCMT) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of RCM Technologies (NASDAQ:RCMTFree Report) in a report issued on Wednesday morning, Benzinga reports. They currently have a $33.00 price objective on the business services provider’s stock.

Separately, StockNews.com upgraded RCM Technologies from a hold rating to a buy rating in a report on Friday, April 12th.

Check Out Our Latest Report on RCM Technologies

RCM Technologies Price Performance

Shares of NASDAQ RCMT opened at $22.00 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.75. The stock has a market cap of $170.50 million, a price-to-earnings ratio of 10.68 and a beta of 0.78. The company’s 50-day moving average price is $20.95 and its 200 day moving average price is $25.12. RCM Technologies has a 52 week low of $13.96 and a 52 week high of $32.15.

RCM Technologies (NASDAQ:RCMTGet Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $71.03 million during the quarter, compared to the consensus estimate of $72.47 million. RCM Technologies had a net margin of 6.32% and a return on equity of 74.07%. As a group, research analysts forecast that RCM Technologies will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RCM Technologies

A number of hedge funds have recently made changes to their positions in the stock. Kent Lake Capital LLC boosted its holdings in RCM Technologies by 20.7% in the third quarter. Kent Lake Capital LLC now owns 123,369 shares of the business services provider’s stock valued at $2,411,000 after acquiring an additional 21,158 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of RCM Technologies by 13.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock valued at $1,571,000 after purchasing an additional 8,513 shares in the last quarter. LSV Asset Management increased its position in RCM Technologies by 40.8% during the 3rd quarter. LSV Asset Management now owns 67,300 shares of the business services provider’s stock worth $1,315,000 after purchasing an additional 19,500 shares in the last quarter. Acadian Asset Management LLC raised its holdings in RCM Technologies by 466.4% in the first quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider’s stock valued at $1,279,000 after buying an additional 49,350 shares during the period. Finally, Ballast Asset Management LP acquired a new position in RCM Technologies during the third quarter valued at approximately $1,056,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

About RCM Technologies

(Get Free Report)

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.

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