RCM Technologies, Inc. (NASDAQ:RCMT) posted its earnings results on Wednesday. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01, Bloomberg Earnings reports. The company had revenue of $45.51 million for the quarter. RCM Technologies had a return on equity of 4.00% and a net margin of 0.74%.
Shares of RCM Technologies (NASDAQ RCMT) traded up 2.34% during midday trading on Thursday, hitting $5.25. 18,244 shares of the company were exchanged. The firm has a market cap of $62.80 million, a P/E ratio of 49.07 and a beta of 0.12. The company’s 50 day moving average price is $5.20 and its 200 day moving average price is $5.26. RCM Technologies has a one year low of $4.51 and a one year high of $7.23.
An institutional investor recently raised its position in RCM Technologies stock. Bourgeon Capital Management LLC increased its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 5.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 124,607 shares of the business services provider’s stock after buying an additional 6,589 shares during the period. Bourgeon Capital Management LLC owned approximately 1.04% of RCM Technologies worth $629,000 as of its most recent SEC filing. 53.27% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Benchmark Co. assumed coverage on RCM Technologies in a research note on Thursday, July 13th. They issued a “buy” rating and a $7.00 target price on the stock.
RCM Technologies Company Profile
RCM Technologies, Inc is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services.
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