Insider Selling: RCM Technologies, Inc. (NASDAQ:RCMT) Director Sells 25000 Shares of Stock – MarketBeat
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RCM Technologies, Inc. (NASDAQ:RCMT – Get Rating) Director Richard A. Genovese sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the completion of the transaction, the director now owns 8,975 shares of the company’s stock, valued at $134,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
RCM Technologies Stock Down 2.8 %
Shares of NASDAQ RCMT traded down $0.43 during midday trading on Thursday, reaching $14.85. 128,484 shares of the company’s stock traded hands, compared to its average volume of 149,813. The company has a market cap of $146.15 million, a price-to-earnings ratio of 7.42 and a beta of 0.86. RCM Technologies, Inc. has a one year low of $5.22 and a one year high of $28.82. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $16.39 and its 200-day simple moving average is $18.35.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on RCMT. StockNews.com downgraded shares of RCM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 11th. Benchmark boosted their price target on shares of RCM Technologies to $30.00 in a research note on Monday, August 15th. Finally, B. Riley upgraded shares of RCM Technologies from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, August 15th.
Institutional Investors Weigh In On RCM Technologies
Several institutional investors have recently bought and sold shares of RCMT. Advisor Group Holdings Inc. acquired a new stake in RCM Technologies in the first quarter valued at approximately $69,000. Rutabaga Capital Management LLC MA boosted its stake in RCM Technologies by 36.7% in the first quarter. Rutabaga Capital Management LLC MA now owns 447,927 shares of the business services provider’s stock valued at $4,417,000 after acquiring an additional 120,168 shares in the last quarter. Citigroup Inc. acquired a new stake in RCM Technologies in the first quarter valued at approximately $26,000. Acadian Asset Management LLC boosted its stake in RCM Technologies by 13.5% in the first quarter. Acadian Asset Management LLC now owns 209,211 shares of the business services provider’s stock valued at $2,062,000 after acquiring an additional 24,860 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of RCM Technologies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 539,317 shares of the business services provider’s stock worth $5,318,000 after buying an additional 11,603 shares during the last quarter. 38.92% of the stock is currently owned by institutional investors and hedge funds.
RCM Technologies Company Profile
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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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