RCM Technologies (NASDAQ:RCMT – Get Rating) announced its quarterly earnings results on Thursday. The business services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02, Yahoo Finance reports. The firm had revenue of $70.22 million during the quarter, compared to analysts’ expectations of $67.05 million. RCM Technologies had a net margin of 7.88% and a return on equity of 61.19%.
RCM Technologies Trading Down 1.0 %
RCM Technologies stock opened at $12.85 on Friday. The stock has a market capitalization of $126.47 million, a PE ratio of 6.43 and a beta of 0.87. RCM Technologies has a 12-month low of $7.36 and a 12-month high of $28.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $13.63 and a 200-day simple moving average of $14.84.
Institutional Trading of RCM Technologies
A number of large investors have recently added to or reduced their stakes in RCMT. JPMorgan Chase & Co. bought a new position in shares of RCM Technologies during the 2nd quarter valued at $52,000. Citigroup Inc. acquired a new stake in RCM Technologies in the 1st quarter worth $26,000. Victory Capital Management Inc. acquired a new stake in RCM Technologies in the 4th quarter worth $77,000. Advisor Group Holdings Inc. acquired a new stake in shares of RCM Technologies during the 1st quarter valued at about $69,000. Finally, UBS Group AG boosted its position in shares of RCM Technologies by 325.3% during the 2nd quarter. UBS Group AG now owns 7,034 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 5,380 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
About RCM Technologies
RCM Technologies, Inc engages in the provision of business and technology solutions. It operates through the following segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a portfolio of engineering and design services across energy services, process and industrial, and aerospace sectors.
- Get a free copy of the StockNews.com research report on RCM Technologies (RCMT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for RCM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.