R C M Technologies (NASDAQ:RCMT) Rating Lowered to Hold at Zacks Investment Research

Share on StockTwits

R C M Technologies (NASDAQ:RCMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management. “

A number of other brokerages have also issued reports on RCMT. B. Riley cut their price objective on shares of Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, March 29th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Shares of RCMT opened at $3.28 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.04 and a current ratio of 3.04. R C M Technologies has a 1 year low of $2.54 and a 1 year high of $5.07. The firm’s 50 day moving average is $3.39. The stock has a market cap of $41.58 million, a price-to-earnings ratio of 10.58 and a beta of 1.06.

R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. R C M Technologies had a net margin of 1.55% and a return on equity of 16.09%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.34 million. As a group, equities research analysts expect that R C M Technologies will post 0.41 EPS for the current year.

An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC raised its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 27.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,928 shares of the business services provider’s stock after buying an additional 40,306 shares during the quarter. Bourgeon Capital Management LLC owned about 1.46% of R C M Technologies worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.56% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: What is a balanced fund?

Get a free copy of the Zacks research report on R C M Technologies (RCMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for R C M Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for R C M Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report