RCM Technologies, Inc. (NASDAQ:RCMT) Insider Sells $68,419.48 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) insider Michael Saks sold 2,852 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $23.99, for a total transaction of $68,419.48. Following the completion of the sale, the insider now directly owns 114,158 shares of the company’s stock, valued at $2,738,650.42. The trade was a 2.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, Michael Saks sold 5,000 shares of RCM Technologies stock. The stock was sold at an average price of $23.22, for a total transaction of $116,100.00.

RCM Technologies Trading Down 1.9 %

NASDAQ:RCMT opened at $23.98 on Friday. RCM Technologies, Inc. has a 52 week low of $17.11 and a 52 week high of $32.15. The firm has a 50 day moving average of $22.12 and a 200 day moving average of $20.38. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $182.25 million, a price-to-earnings ratio of 12.30 and a beta of 0.64.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC lifted its position in RCM Technologies by 2.2% during the third quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 772 shares during the last quarter. State Street Corp lifted its position in RCM Technologies by 6.7% during the third quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 1,600 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in RCM Technologies by 19.9% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 2,191 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in RCM Technologies during the third quarter valued at approximately $48,000. Finally, Barclays PLC purchased a new stake in RCM Technologies during the third quarter valued at approximately $180,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. B. Riley upped their price target on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark upped their price target on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of RCM Technologies from a “buy” rating to a “hold” rating in a research 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.