RCM Technologies (NASDAQ:RCMT) Price Target Lowered to $30.00 at Benchmark

RCM Technologies (NASDAQ:RCMT) had its price objective decreased by Benchmark from $37.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. Benchmark currently has a buy rating on the business services provider’s stock.

Separately, B. Riley raised RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th.

RCM Technologies Price Performance

RCM Technologies stock opened at $15.14 on Friday. The stock has a market capitalization of $114.90 million, a price-to-earnings ratio of 7.76 and a beta of 0.58. RCM Technologies has a 52-week low of $13.18 and a 52-week high of $26.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50 day moving average price is $18.81 and its two-hundred day moving average price is $20.67.

RCM Technologies (NASDAQ:RCMT) last issued its earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.37). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The company had revenue of $76.91 million for the quarter, compared to the consensus estimate of $79.00 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC bought a new stake in shares of RCM Technologies during the fourth quarter worth about $2,668,000. Ancora Advisors LLC purchased a new stake in shares of RCM Technologies in the fourth quarter worth approximately $2,161,000. Russell Investments Group Ltd. bought a new position in shares of RCM Technologies in the fourth quarter valued at approximately $840,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of RCM Technologies during the third quarter valued at approximately $425,000. Finally, Mackenzie Financial Corp bought a new stake in RCM Technologies during the fourth quarter worth $374,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

RCM Technologies Company Profile

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.