RCM Technologies, Inc. (NASDAQ:RCMT – Get Free Report) Chairman Bradley Vizi sold 15,149 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $20.01, for a total value of $303,131.49. Following the completion of the sale, the chairman now owns 1,700,000 shares in the company, valued at $34,017,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bradley Vizi also recently made the following trade(s):
- On Friday, July 28th, Bradley Vizi sold 21,350 shares of RCM Technologies stock. The shares were sold at an average price of $20.00, for a total transaction of $427,000.00.
- On Tuesday, July 18th, Bradley Vizi sold 13,501 shares of RCM Technologies stock. The shares were sold at an average price of $20.01, for a total transaction of $270,155.01.
RCM Technologies Price Performance
NASDAQ:RCMT opened at $20.11 on Friday. The business’s 50-day moving average price is $18.43 and its 200 day moving average price is $14.92. The firm has a market cap of $166.31 million, a P/E ratio of 11.23 and a beta of 0.82. RCM Technologies, Inc. has a 52-week low of $10.11 and a 52-week high of $20.60. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.68.
RCM Technologies (NASDAQ:RCMT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $67.12 million during the quarter, compared to analysts’ expectations of $63.33 million. RCM Technologies had a return on equity of 53.53% and a net margin of 6.75%. As a group, sell-side analysts predict that RCM Technologies, Inc. will post 2.05 earnings per share for the current fiscal year.
Hedge Funds Weigh In On RCM Technologies
Institutional investors have recently bought and sold shares of the stock. Denali Advisors LLC increased its stake in RCM Technologies by 32.7% in the 1st quarter. Denali Advisors LLC now owns 7,300 shares of the business services provider’s stock worth $84,000 after purchasing an additional 1,800 shares in the last quarter. Kerrisdale Advisers LLC purchased a new position in RCM Technologies in the 4th quarter worth about $643,000. HRT Financial LP acquired a new stake in RCM Technologies during the 4th quarter worth about $473,000. Janney Montgomery Scott LLC boosted its position in RCM Technologies by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,120 shares of the business services provider’s stock worth $199,000 after acquiring an additional 1,062 shares during the period. Finally, Citigroup Inc. acquired a new stake in RCM Technologies during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 35.94% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on RCMT shares. B. Riley lifted their price objective on shares of RCM Technologies from $17.00 to $19.00 in a research note on Thursday, May 11th. StockNews.com raised RCM Technologies from a “hold” rating to a “buy” rating in a report on Sunday, May 28th.
Get Our Latest Stock Analysis on RCM Technologies
About RCM 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 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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