R C M Technologies Inc (NASDAQ:RCMT) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 16,000 shares, a growth of 226.5% from the August 15th total of 4,900 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is currently 0.8 days.
Several research analysts have issued reports on RCMT shares. Zacks Investment Research downgraded shares of R C M Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded shares of R C M Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of R C M Technologies in a research note on Friday, September 13th.
A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC boosted its stake in R C M Technologies Inc (NASDAQ:RCMT) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,218 shares of the business services provider’s stock after purchasing an additional 4,290 shares during the quarter. Bourgeon Capital Management LLC owned about 1.51% of R C M Technologies worth $769,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.01% of the company’s stock.
Shares of NASDAQ RCMT traded up $0.02 during midday trading on Friday, reaching $2.90. 4,242 shares of the stock were exchanged, compared to its average volume of 16,441. The company has a market capitalization of $37.70 million, a P/E ratio of 9.35 and a beta of 1.03. R C M Technologies has a 52-week low of $2.54 and a 52-week high of $4.82. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $3.09 and a 200-day moving average price of $3.45.
R C M Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $50.71 million during the quarter, compared to the consensus estimate of $52.32 million. R C M Technologies had a net margin of 2.00% and a return on equity of 14.34%. On average, analysts forecast that R C M Technologies will post 0.41 earnings per share for the current 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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