R C M Technologies Inc (NASDAQ:RCMT) Sees Large Increase in Short Interest

R C M Technologies Inc (NASDAQ:RCMT) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 11,200 shares, an increase of 28.7% from the May 30th total of 8,700 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

A number of brokerages recently issued reports on RCMT. B. Riley decreased their target price on Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, March 29th. Zacks Investment Research raised BMC Stock from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday. Finally, ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC boosted its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 27.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 187,928 shares of the business services provider’s stock after buying an additional 40,306 shares during the period. Bourgeon Capital Management LLC owned approximately 1.46% of R C M Technologies worth $740,000 at the end of the most recent quarter. 26.56% of the stock is owned by institutional investors and hedge funds.

R C M Technologies stock traded up $0.02 during mid-day trading on Friday, reaching $3.28. 10,291 shares of the company were exchanged, compared to its average volume of 16,445. R C M Technologies has a twelve month low of $2.54 and a twelve month high of $5.07. The stock has a 50-day moving average price of $3.39. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $45.41 million, a price-to-earnings ratio of 10.58 and a beta of 1.06.

R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. R C M Technologies had a return on equity of 16.09% and a net margin of 1.55%. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.34 million. Sell-side analysts predict that R C M Technologies will post 0.41 EPS for the current fiscal year.

About R C M Technologies

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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