RCM Technologies (NASDAQ:RCMT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

RCM Technologies, Inc. (NASDAQ:RCMT)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.46 and traded as high as $22.63. RCM Technologies shares last traded at $22.43, with a volume of 26,234 shares traded.

Wall Street Analysts Forecast Growth

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

RCM Technologies Trading Up 0.8 %

The business’s 50-day moving average price is $22.54 and its 200 day moving average price is $20.50. The firm has a market capitalization of $164.70 million, a price-to-earnings ratio of 11.12 and a beta of 0.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63.

Insider Buying and Selling at RCM Technologies

In other news, insider Michael Saks sold 2,852 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $23.99, for a total transaction of $68,419.48. Following the completion of the sale, the insider now owns 114,158 shares of the company’s stock, valued at approximately $2,738,650.42. This trade represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in RCM Technologies during the 3rd quarter worth approximately $48,000. Barclays PLC acquired a new position in RCM Technologies in the third quarter worth $180,000. Klein Pavlis & Peasley Financial Inc. increased its stake in RCM Technologies by 19.9% during the second 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. Sanctuary Advisors LLC acquired a new stake in shares of RCM Technologies during the third quarter worth $265,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of RCM Technologies during the third quarter worth $315,000. 43.20% of the stock is currently owned by institutional investors.

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.