RCM Technologies (NASDAQ:RCMT) Shares Cross Above 200 Day Moving Average – Time to Sell?

RCM Technologies, Inc. (NASDAQ:RCMT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.16 and traded as high as $22.75. RCM Technologies shares last traded at $22.02, with a volume of 40,403 shares.

Analyst Ratings Changes

RCMT has been the subject of a number of research reports. Benchmark boosted their price target on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, B. Riley boosted their price target on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

RCM Technologies Stock Down 1.0 %

The company has a market cap of $167.29 million, a PE ratio of 11.29 and a beta of 0.63. The stock’s 50 day moving average price is $21.19 and its 200-day moving average price is $20.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.48 and a current ratio of 1.63.

Institutional Investors Weigh In On RCM Technologies

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in shares of RCM Technologies in the 3rd quarter valued at $180,000. State Street Corp raised its holdings in RCM Technologies by 6.7% during the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock valued at $518,000 after buying an additional 1,600 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in RCM Technologies during the 3rd quarter valued at $48,000. Truvestments Capital LLC raised its holdings in RCM Technologies by 2.2% during the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after buying an additional 772 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in RCM Technologies during the 3rd quarter valued at $425,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

About RCM Technologies

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.