RCM Technologies (NASDAQ:RCMT) Upgraded to Strong-Buy at B. Riley

B. Riley upgraded shares of RCM Technologies (NASDAQ:RCMT) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

RCM Technologies Price Performance

RCMT opened at $14.95 on Tuesday. The firm has a market cap of $113.58 million, a P/E ratio of 7.67 and a beta of 0.58. RCM Technologies has a fifty-two week low of $13.18 and a fifty-two week high of $26.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50-day moving average of $19.01 and a 200 day moving average of $20.73.

RCM Technologies (NASDAQ:RCMT) last released its quarterly earnings data on Wednesday, March 12th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.37). The business had revenue of $76.91 million for the quarter, compared to analysts’ expectations of $79.00 million. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

Institutional Investors Weigh In On RCM Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of RCM Technologies in the third quarter worth about $48,000. Barclays PLC purchased a new stake in shares of RCM Technologies in the third quarter worth about $180,000. JPMorgan Chase & Co. lifted its holdings in shares of RCM Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock worth $234,000 after buying an additional 1,639 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of RCM Technologies in the fourth quarter worth about $258,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of RCM Technologies in the fourth quarter worth about $259,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences 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.