R C M Technologies (RCMT) Coverage Initiated by Analysts at B. Riley

Research analysts at B. Riley began coverage on shares of R C M Technologies (NASDAQ:RCMT) in a report released on Friday, March 29th, Marketbeat.com reports. The firm set a “buy” rating and a $6.00 price target on the business services provider’s stock. B. Riley’s price objective indicates a potential upside of 47.78% from the company’s current price.

RCMT stock traded up $0.04 during midday trading on Friday, reaching $4.06. The company had a trading volume of 43,531 shares, compared to its average volume of 10,327. R C M Technologies has a 1 year low of $2.54 and a 1 year high of $5.66. The stock has a market cap of $52.26 million, a PE ratio of 13.10 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.54 and a quick ratio of 2.54.

R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.05 earnings per share (EPS) for the quarter. R C M Technologies had a net margin of 1.36% and a return on equity of 15.36%. The company had revenue of $55.27 million during the quarter. On average, research analysts expect that R C M Technologies will post 0.39 EPS for the current fiscal year.

In other news, insider Bradley Vizi purchased 637,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $3.92 per share, for a total transaction of $2,497,040.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC grew its stake in R C M Technologies Inc (NASDAQ:RCMT) by 11.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,622 shares of the business services provider’s stock after purchasing an additional 15,594 shares during the quarter. Bourgeon Capital Management LLC owned about 1.16% of R C M Technologies worth $458,000 at the end of the most recent quarter. 26.83% of the stock is currently owned by institutional investors and hedge funds.

R C M Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, 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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