R C M Technologies (NASDAQ:RCMT)‘s stock had its “buy” rating reissued by analysts at B. Riley in a report released on Friday, TipRanks reports. They presently have a $6.00 price target on the business services provider’s stock. B. Riley’s price target suggests a potential upside of 106.90% from the stock’s current price.
Separately, Zacks Investment Research upgraded R C M Technologies from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, August 14th.
Shares of RCMT opened at $2.90 on Friday. The company has a market cap of $37.58 million, a PE ratio of 9.35 and a beta of 1.03. The business has a fifty day moving average of $3.21 and a 200 day moving average of $3.58. R C M Technologies has a 52-week low of $2.54 and a 52-week high of $4.90. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.16.
R C M Technologies (NASDAQ:RCMT) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. R C M Technologies had a return on equity of 14.34% and a net margin of 2.00%. The company had revenue of $50.71 million during the quarter, compared to the consensus estimate of $52.32 million.
A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC raised its holdings in shares of R C M Technologies Inc (NASDAQ:RCMT) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,218 shares of the business services provider’s stock after purchasing an additional 4,290 shares during the quarter. Bourgeon Capital Management LLC owned 1.51% of R C M Technologies worth $769,000 at the end of the most recent reporting period. Institutional investors own 26.01% of the company’s stock.
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.
Featured Story: How to invest in blue-chip stocks
Receive News & Ratings for R C M Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for R C M Technologies and related companies with MarketBeat.com's FREE daily email newsletter.