R C M Technologies Inc (NASDAQ:RCMT) saw a large growth in short interest during the month of November. As of November 29th, there was short interest totalling 2,500 shares, a growth of 92.3% from the November 14th total of 1,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 0.2 days.
RCMT has been the topic of several analyst reports. B. Riley restated a “buy” rating and set a $6.00 price objective on shares of R C M Technologies in a report on Friday, September 13th. ValuEngine upgraded R C M Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded R C M Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.
NASDAQ:RCMT opened at $2.86 on Friday. The firm has a market capitalization of $36.27 million, a price-to-earnings ratio of 9.23 and a beta of 0.97. R C M Technologies has a 1-year low of $2.54 and a 1-year high of $4.82. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average price is $2.88 and its 200 day moving average price is $3.14.
R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). R C M Technologies had a net margin of 1.84% and a return on equity of 12.38%. The firm had revenue of $40.25 million during the quarter, compared to the consensus estimate of $43.80 million. Equities analysts forecast that R C M Technologies will post 0.41 earnings per share for the current year.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC increased its holdings in shares of R C M Technologies Inc (NASDAQ:RCMT) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,179 shares of the business services provider’s stock after acquiring an additional 15,961 shares during the period. Bourgeon Capital Management LLC owned approximately 1.61% of R C M Technologies worth $625,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 25.41% of the company’s stock.
R C M Technologies Company Profile
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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