RCM Technologies, Inc. (NASDAQ:RCMT) Insider Michael Saks Sells 2,852 Shares

RCM Technologies, Inc. (NASDAQ:RCMT) insider Michael Saks sold 2,852 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $23.99, for a total transaction of $68,419.48. Following the completion of the transaction, the insider now owns 114,158 shares in the company, valued at $2,738,650.42. This trade represents a 2.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michael Saks also recently made the following trade(s):

• On Monday, December 2nd, Michael Saks sold 5,000 shares of RCM Technologies stock. The stock was sold at an average price of $23.22, for a total transaction of $116,100.00.

RCM Technologies Trading Up 2.6 %

RCMT stock opened at $24.00 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a fifty day moving average price of $21.97 and a 200 day moving average price of $20.34. The firm has a market cap of $182.40 million, a PE ratio of 12.31 and a beta of 0.64. RCM Technologies, Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $32.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RCMT. Truvestments Capital LLC boosted its position in RCM Technologies by 2.2% during the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 772 shares in the last quarter. State Street Corp lifted 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 purchasing an additional 1,600 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of RCM Technologies by 19.9% during 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 purchasing an additional 2,191 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of RCM Technologies during the 3rd quarter valued at $48,000. Finally, Barclays PLC purchased a new stake in shares of RCM Technologies during the 3rd quarter valued at $180,000. Institutional investors own 43.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Benchmark raised their target price on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, B. Riley raised their target price on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

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.