Exchange Traded Concepts LLC Takes $315,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Exchange Traded Concepts LLC purchased a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,524 shares of the business services provider’s stock, valued at approximately $315,000. Exchange Traded Concepts LLC owned about 0.20% of RCM Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of RCM Technologies during the fourth quarter worth $252,000. Klein Pavlis & Peasley Financial Inc. increased its position in RCM Technologies by 19.9% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 2,191 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of RCM Technologies in the second quarter worth about $458,000. Truvestments Capital LLC lifted its position in shares of 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 purchasing an additional 12,788 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of RCM Technologies by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 2,737 shares during the last quarter. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Price Performance

Shares of RCMT stock opened at $21.58 on Friday. The firm has a market cap of $164.66 million, a price-to-earnings ratio of 10.48 and a beta of 0.64. RCM Technologies, Inc. has a 12 month low of $17.11 and a 12 month high of $32.15. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $19.97 and a 200 day moving average price of $19.71.

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). RCM Technologies had a return on equity of 67.39% and a net margin of 6.19%. The business had revenue of $69.16 million for the quarter, compared to the consensus estimate of $69.90 million. During the same period last year, the firm earned $0.47 earnings per share. Research analysts expect that RCM Technologies, Inc. will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $33.00 price objective on shares of RCM Technologies in a report on Tuesday, August 13th.

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.