RCM Technologies, Inc. (NASDAQ:RCMT) Earns Buy Rating from Analysts at Benchmark Co.
Equities researchers at Benchmark Co. assumed coverage on shares of RCM Technologies, Inc. (NASDAQ:RCMT) in a research note issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $7.00 price target on the business services provider’s stock. Benchmark Co.’s price target indicates a potential upside of 33.08% from the company’s previous close.
RCM Technologies (NASDAQ RCMT) traded up 5.20% during midday trading on Thursday, reaching $5.26. 27,359 shares of the company traded hands. The company has a market capitalization of $62.92 million, a price-to-earnings ratio of 49.16 and a beta of 0.11. The stock’s 50 day moving average is $5.25 and its 200 day moving average is $5.50. RCM Technologies has a one year low of $4.51 and a one year high of $7.23.
RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter. RCM Technologies had a net margin of 0.74% and a return on equity of 4.00%. The business had revenue of $46.34 million for the quarter. On average, equities analysts anticipate that RCM Technologies will post $0.41 earnings per share for the current year.
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RCM Technologies Company Profile
RCM Technologies, Inc is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services.
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