Michael Saks Sells 5,000 Shares of RCM Technologies, Inc. (NASDAQ:RCMT) Stock

RCM Technologies, Inc. (NASDAQ:RCMT) insider Michael Saks sold 5,000 shares of RCM Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $23.22, for a total value of $116,100.00. Following the sale, the insider now directly owns 119,158 shares of the company’s stock, valued at $2,766,848.76. This represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael Saks also recently made the following trade(s):

• On Wednesday, December 4th, Michael Saks sold 2,852 shares of RCM Technologies stock. The stock was sold at an average price of $23.99, for a total value of $68,419.48.

RCM Technologies Stock Up 2.6 %

Shares of NASDAQ:RCMT opened at $24.00 on Thursday. RCM Technologies, Inc. has a 1 year low of $17.11 and a 1 year high of $32.15. The company has a market cap of $182.40 million, a PE ratio of 12.31 and a beta of 0.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50-day moving average is $21.97 and its 200 day moving average is $20.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in shares of RCM Technologies during the 3rd quarter worth approximately $48,000. Barclays PLC purchased a new position in shares of RCM Technologies during the 3rd quarter worth approximately $180,000. Sanctuary Advisors LLC purchased a new position in shares of RCM Technologies during the 3rd quarter worth approximately $265,000. Klein Pavlis & Peasley Financial Inc. boosted its position in shares of RCM Technologies by 19.9% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock worth $247,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of RCM Technologies in the 3rd quarter worth approximately $315,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RCMT shares. StockNews.com lowered RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley lifted their price target on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark lifted their price objective on RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

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.