RCM Technologies (NASDAQ:RCMT) Stock Price Expected to Rise, B. Riley Analyst Says

RCM Technologies (NASDAQ:RCMTFree Report) had its target price raised by B. Riley from $35.00 to $37.00 in a report published on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the business services provider’s stock.

Separately, Benchmark reissued a “buy” rating and set a $33.00 price objective on shares of RCM Technologies in a report on Tuesday, August 13th.

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RCM Technologies Price Performance

Shares of NASDAQ:RCMT opened at $22.63 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.48. The company’s fifty day moving average price is $21.06 and its 200-day moving average price is $20.10. RCM Technologies has a one year low of $17.11 and a one year high of $32.15. The firm has a market capitalization of $171.99 million, a price-to-earnings ratio of 11.61 and a beta of 0.63.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of RCMT. Janney Montgomery Scott LLC boosted its stake in shares of RCM Technologies by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 2,737 shares during the period. Acadian Asset Management LLC grew its holdings in RCM Technologies by 466.4% in the 1st quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider’s stock worth $1,279,000 after acquiring an additional 49,350 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of RCM Technologies by 9.8% in the first quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 3,800 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of RCM Technologies by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock valued at $1,571,000 after acquiring an additional 8,513 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of RCM Technologies by 79.3% during the first quarter. Truvestments Capital LLC now owns 28,906 shares of the business services provider’s stock worth $618,000 after purchasing an additional 12,788 shares during the period. Institutional investors own 43.20% of the company’s stock.

About RCM Technologies

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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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