RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) insider Michael Saks sold 706 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $41.12, for a total transaction of $29,030.72. Following the completion of the sale, the insider owned 88,601 shares in the company, valued at approximately $3,643,273.12. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Michael Saks also recently made the following trade(s):
- On Tuesday, August 18th, Michael Saks sold 10,000 shares of RCM Technologies stock. The shares were sold at an average price of $41.07, for a total transaction of $410,700.00.
- On Friday, August 14th, Michael Saks sold 11,792 shares of RCM Technologies stock. The shares were sold at an average price of $33.56, for a total value of $395,739.52.
RCM Technologies Trading Up 2.1%
Shares of RCM Technologies stock opened at $42.00 on Wednesday. RCM Technologies, Inc. has a twelve month low of $17.26 and a twelve month high of $42.07. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $29.96 and a 200-day moving average price of $25.57. The firm has a market cap of $298.62 million, a price-to-earnings ratio of 18.26 and a beta of 0.29.
RCM Technologies (NASDAQ:RCMT - Get Free Report) last posted its earnings results on Thursday, August 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.20. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%.The company had revenue of $93.82 million for the quarter, compared to the consensus estimate of $81.75 million. Equities research analysts anticipate that RCM Technologies, Inc. will post 2.6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on RCMT shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of RCM Technologies in a research report on Friday, July 17th. Zacks Research cut shares of RCM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 5th. Benchmark upped their price target on shares of RCM Technologies from $36.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, August 17th. B. Riley Financial increased their price objective on shares of RCM Technologies from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised shares of RCM Technologies from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.00.
View Our Latest Stock Report on RCMT
Institutional Investors Weigh In On RCM Technologies
Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in shares of RCM Technologies by 570.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,778 shares of the business services provider's stock worth $50,000 after purchasing an additional 1,513 shares during the period. Bank of New York Mellon Corp purchased a new stake in RCM Technologies during the 2nd quarter valued at $551,000. WNY Asset Management LLC bought a new stake in RCM Technologies in the first quarter worth $383,000. Punch & Associates Investment Management Inc. lifted its position in RCM Technologies by 12.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider's stock worth $2,938,000 after buying an additional 17,433 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in RCM Technologies by 3.6% during the first quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider's stock worth $8,324,000 after buying an additional 15,304 shares during the period. 43.20% of the stock is owned by institutional investors.
About RCM Technologies
(
Get Free Report)
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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