Insider Selling: RCM Technologies, Inc. (NASDAQ:RCMT) Director … – MarketBeat
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RCM Technologies, Inc. (NASDAQ:RCMT – Get Rating) Director Roger H. Ballou sold 7,674 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $14.95, for a total value of $114,726.30. Following the completion of the sale, the director now owns 98,585 shares of the company’s stock, valued at $1,473,845.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
RCM Technologies Stock Performance
Shares of NASDAQ RCMT traded up $0.01 during trading on Friday, reaching $14.49. The stock had a trading volume of 73,478 shares, compared to its average volume of 147,133. RCM Technologies, Inc. has a one year low of $5.22 and a one year high of $28.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $142.61 million, a PE ratio of 7.06 and a beta of 0.79. The firm’s 50 day moving average price is $15.97 and its two-hundred day moving average price is $17.82.
Institutional Investors Weigh In On RCM Technologies
A number of institutional investors have recently made changes to their positions in RCMT. Marshall Wace LLP acquired a new position in RCM Technologies during the 3rd quarter valued at approximately $1,497,000. First Trust Advisors LP acquired a new position in RCM Technologies during the 3rd quarter valued at approximately $309,000. Royal Bank of Canada boosted its position in RCM Technologies by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 14,000 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 798 shares during the period. Hillsdale Investment Management Inc. boosted its position in RCM Technologies by 72.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 228,490 shares of the business services provider’s stock valued at $3,814,000 after purchasing an additional 96,100 shares during the period. Finally, Rutabaga Capital Management LLC MA boosted its position in RCM Technologies by 8.5% during the 3rd quarter. Rutabaga Capital Management LLC MA now owns 209,956 shares of the business services provider’s stock valued at $3,504,000 after purchasing an additional 16,450 shares during the period. 38.92% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded RCM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 11th.
About RCM Technologies
(Get Rating)
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 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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