Benchmark Issues Positive Forecast for RCM Technologies (NASDAQ:RCMT) Stock Price

RCM Technologies (NASDAQ:RCMT) had its price target lifted by Benchmark from $33.00 to $37.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Benchmark’s target price points to a potential upside of 47.94% from the company’s current price.

Separately, B. Riley increased their price objective on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday.

RCM Technologies Trading Up 4.2 %

RCMT stock traded up $1.00 during trading on Monday, hitting $25.01. The company had a trading volume of 30,214 shares, compared to its average volume of 59,036. The stock has a market cap of $190.83 million, a PE ratio of 12.83 and a beta of 0.63. The business has a 50-day moving average of $20.76 and a 200-day moving average of $19.98. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.84. RCM Technologies has a one year low of $17.11 and a one year high of $32.15.

Institutional Trading of RCM Technologies

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in RCM Technologies during the third quarter worth $425,000. Exchange Traded Concepts LLC bought a new stake in RCM Technologies in the 3rd quarter valued at about $315,000. Marshall Wace LLP raised its stake in RCM Technologies by 174.0% during the 2nd quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider’s stock worth $719,000 after buying an additional 24,380 shares during the period. Panagora Asset Management Inc. acquired a new position in RCM Technologies during the 2nd quarter worth approximately $458,000. Finally, Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of RCM Technologies by 19.9% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock worth $247,000 after purchasing an additional 2,191 shares in the last quarter. Institutional investors own 43.20% of the company’s stock.

RCM Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. 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.