RCM Technologies (NASDAQ:RCMT) Upgraded to Strong-Buy at B. Riley

B. Riley upgraded shares of RCM Technologies (NASDAQ:RCMT) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

RCM Technologies Stock Up 2.8 %

RCMT stock opened at $15.37 on Tuesday. RCM Technologies has a fifty-two week low of $13.18 and a fifty-two week high of $26.37. The business’s 50-day moving average is $18.91 and its two-hundred day moving average is $20.69. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $116.77 million, a price-to-earnings ratio of 7.88 and a beta of 0.58.

RCM Technologies (NASDAQ:RCMT) last posted its earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.37). RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%. The firm had revenue of $76.91 million during the quarter, compared to the consensus estimate of $79.00 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of RCM Technologies in the third quarter worth about $48,000. Barclays PLC bought a new position in shares of RCM Technologies in the third quarter worth about $180,000. JPMorgan Chase & Co. raised its stake in shares of RCM Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock worth $234,000 after buying an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of RCM Technologies in the fourth quarter worth about $258,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of RCM Technologies in the fourth quarter worth about $259,000. 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.