RCM Technologies (NASDAQ:RCMT) Price Target Raised to $37.00

RCM Technologies (NASDAQ:RCMT) had its price objective hoisted by B. Riley from $35.00 to $37.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Separately, Benchmark reaffirmed a “buy” rating and set a $33.00 price objective on shares of RCM Technologies in a research report on Tuesday, August 13th.

RCM Technologies Trading Down 4.5 %

NASDAQ:RCMT opened at $22.63 on Monday. The company has a 50-day moving average price of $21.06 and a 200-day moving average price of $20.10. The stock has a market cap of $171.99 million, a price-to-earnings ratio of 11.61 and a beta of 0.63. The company has a current ratio of 1.63, a quick ratio of 1.48 and a debt-to-equity ratio of 1.06. RCM Technologies has a 12 month low of $17.11 and a 12 month high of $32.15.

Institutional Trading of RCM Technologies

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in RCM Technologies during the 3rd quarter valued at about $48,000. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of RCM Technologies by 19.9% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 2,191 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of RCM Technologies during the third quarter valued at approximately $315,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RCM Technologies in the 3rd quarter worth approximately $425,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of RCM Technologies in the 2nd quarter worth approximately $458,000. Institutional investors own 43.20% of the company’s stock.

About RCM Technologies

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.