Janney Montgomery Scott LLC Has $907,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Janney Montgomery Scott LLC boosted its holdings in RCM Technologies, Inc. (NASDAQ:RCMTFree Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,242 shares of the business services provider’s stock after buying an additional 5,184 shares during the period. Janney Montgomery Scott LLC owned approximately 0.40% of RCM Technologies worth $907,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC bought a new stake in RCM Technologies in the third quarter valued at approximately $99,000. Carmel Capital Partners LLC bought a new stake in RCM Technologies in the fourth quarter valued at approximately $216,000. Raymond James Financial Services Advisors Inc. bought a new stake in RCM Technologies in the fourth quarter valued at approximately $250,000. Stokes Family Office LLC increased its stake in RCM Technologies by 13.7% in the third quarter. Stokes Family Office LLC now owns 12,608 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in RCM Technologies in the fourth quarter valued at approximately $426,000. Institutional investors own 43.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RCMT. StockNews.com raised shares of RCM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Benchmark reissued a “buy” rating and set a $33.00 price objective on shares of RCM Technologies in a research report on Wednesday, May 15th.

View Our Latest Analysis on RCMT

RCM Technologies Stock Down 1.8 %

Shares of RCMT stock opened at $19.65 on Friday. The firm has a fifty day moving average of $20.34 and a 200-day moving average of $25.17. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.75. RCM Technologies, Inc. has a 12-month low of $14.40 and a 12-month high of $32.15. The company has a market capitalization of $152.29 million, a price-to-earnings ratio of 9.54 and a beta of 0.78.

RCM Technologies (NASDAQ:RCMTGet Free Report) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.27 million. RCM Technologies had a net margin of 6.32% and a return on equity of 74.07%. As a group, equities research analysts predict that RCM Technologies, Inc. will post 2.28 earnings per share for the current fiscal year.

RCM Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RCM Technologies (NASDAQ:RCMT)

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