RCM Technologies (NASDAQ:RCMT) Price Target Raised to $37.00

RCM Technologies (NASDAQ:RCMT) had its target price lifted by Benchmark from $33.00 to $37.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Separately, B. Riley boosted their price target on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday.

RCM Technologies Stock Down 4.5 %

RCMT stock opened at $22.63 on Monday. The business has a 50-day simple moving average of $21.06 and a 200 day simple moving average of $20.10. The company has a market cap of $171.99 million, a PE ratio of 11.61 and a beta of 0.63. The company has a quick ratio of 1.48, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies has a 52 week low of $17.11 and a 52 week high of $32.15.

Institutional Trading of RCM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in RCMT. Janney Montgomery Scott LLC lifted its stake in shares of RCM Technologies by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock worth $726,000 after acquiring an additional 2,737 shares during the period. Acadian Asset Management LLC lifted its position in shares of RCM Technologies by 466.4% in the 1st quarter. Acadian Asset Management LLC now owns 59,930 shares of the business services provider’s stock worth $1,279,000 after purchasing an additional 49,350 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of RCM Technologies by 9.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 3,800 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of RCM Technologies by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock worth $1,571,000 after buying an additional 8,513 shares during the period. Finally, Truvestments Capital LLC raised its stake in RCM Technologies by 79.3% during the first quarter. Truvestments Capital LLC now owns 28,906 shares of the business services provider’s stock worth $618,000 after buying an additional 12,788 shares during the last quarter. 43.20% of the stock is currently owned by institutional investors.

About RCM Technologies

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.