Shares of R C M Technologies Inc (NASDAQ:RCMT) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price target of $6.50 for the company and are forecasting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned R C M Technologies an industry rank of 215 out of 256 based on the ratings given to its competitors.
A number of brokerages recently issued reports on RCMT. Zacks Investment Research upgraded shares of R C M Technologies from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday. ValuEngine cut shares of R C M Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC raised its holdings in R C M Technologies Inc (NASDAQ:RCMT) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,218 shares of the business services provider’s stock after acquiring an additional 4,290 shares during the quarter. Bourgeon Capital Management LLC owned about 1.51% of R C M Technologies worth $769,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.59% of the company’s stock.
Shares of RCMT traded up $0.02 on Thursday, reaching $3.15. 6,622 shares of the company’s stock were exchanged, compared to its average volume of 14,828. The company has a debt-to-equity ratio of 1.34, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a market cap of $40.81 million, a PE ratio of 10.16 and a beta of 1.08. The stock’s 50 day simple moving average is $3.40. R C M Technologies has a 12 month low of $2.54 and a 12 month high of $4.99.
R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $50.71 million during the quarter, compared to the consensus estimate of $52.32 million. R C M Technologies had a net margin of 2.00% and a return on equity of 14.81%. As a group, equities analysts forecast that R C M Technologies will post 0.41 EPS for the current fiscal year.
About R C M Technologies
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, 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.
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