RCM Technologies (NASDAQ:RCMT) Stock Crosses Above 200-Day Moving Average – Time to Sell?

RCM Technologies, Inc. (NASDAQ:RCMT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

RCMT has been the topic of a number of analyst reports. B. Riley lifted their price objective on RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com cut RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark upped their price objective on RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

RCM Technologies Price Performance

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 company has a market capitalization of $170.40 million, a P/E ratio of 11.50 and a beta of 0.64. The firm’s fifty day moving average is $22.49 and its 200 day moving average is $20.46.

Insider Activity

In other news, insider Michael Saks sold 2,852 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $23.99, for a total value of $68,419.48. Following the completion of the sale, the insider now owns 114,158 shares of the company’s stock, valued at $2,738,650.42. This trade represents a 2.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On RCM Technologies

Several hedge funds have recently made changes to their positions in RCMT. BNP Paribas Financial Markets acquired a new stake in RCM Technologies during the 3rd quarter worth about $48,000. Barclays PLC acquired a new stake in RCM Technologies during the third quarter worth about $180,000. Sanctuary Advisors LLC acquired a new stake in RCM Technologies during the third quarter worth about $265,000. Klein Pavlis & Peasley Financial Inc. raised its position 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 acquiring an additional 2,191 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in RCM Technologies in the third quarter valued at approximately $315,000. 43.20% of the stock is owned by institutional investors and hedge funds.

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.