Geode Capital Management LLC trimmed its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT – Free Report) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,126 shares of the business services provider’s stock after selling 12,383 shares during the quarter. Geode Capital Management LLC owned approximately 0.86% of RCM Technologies worth $1,321,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of RCM Technologies during the third quarter worth $180,000. State Street Corp boosted its holdings in shares of RCM Technologies by 6.7% during the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 1,600 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in RCM Technologies during the 3rd quarter worth $48,000. Truvestments Capital LLC increased its holdings in RCM Technologies by 2.2% in the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock worth $713,000 after purchasing an additional 772 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in RCM Technologies in the third quarter valued at about $425,000. Institutional investors own 43.20% of the company’s stock.
RCM Technologies Trading Down 3.1 %
NASDAQ RCMT opened at $20.22 on Friday. The firm has a market capitalization of $153.61 million, a PE ratio of 10.37 and a beta of 0.65. The business’s 50-day moving average price is $22.72 and its two-hundred day moving average price is $20.76. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies, Inc. has a 12 month low of $17.11 and a 12 month high of $31.98.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on RCMT. StockNews.com cut RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. B. Riley boosted their target price on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Benchmark upped their price target on shares of RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th.
View Our Latest Stock Report on RCMT
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.
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