RCM Technologies (NASDAQ:RCMT – Get Rating) announced its earnings results on Thursday. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02, Yahoo Finance reports. The business had revenue of $70.22 million during the quarter, compared to analyst estimates of $67.05 million. RCM Technologies had a return on equity of 61.19% and a net margin of 7.88%.
RCM Technologies Stock Performance
RCMT stock opened at $12.85 on Friday. The stock has a 50-day moving average price of $13.63 and a 200-day moving average price of $14.84. RCM Technologies has a 1-year low of $7.36 and a 1-year high of $28.82. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market cap of $126.47 million, a PE ratio of 6.43 and a beta of 0.87.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Citigroup Inc. bought a new position in shares of RCM Technologies in the 1st quarter worth about $26,000. JPMorgan Chase & Co. acquired a new stake in shares of RCM Technologies in the 2nd quarter valued at about $52,000. Advisor Group Holdings Inc. acquired a new stake in shares of RCM Technologies in the 1st quarter valued at about $69,000. Victory Capital Management Inc. acquired a new stake in shares of RCM Technologies in the 4th quarter valued at about $77,000. Finally, Bank of Montreal Can acquired a new stake in shares of RCM Technologies in the 2nd quarter valued at about $116,000. 40.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
RCM Technologies Company Profile
RCM Technologies, Inc engages in the provision of business and technology solutions. It operates through the following segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a portfolio of engineering and design services across energy services, process and industrial, and aerospace sectors.
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