RCM Technologies (NASDAQ:RCMT) Chairman Sells $32,037.50 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 1,165 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $27.50, for a total transaction of $32,037.50. Following the sale, the chairman directly owned 1,511,426 shares of the company’s stock, valued at approximately $41,564,215. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bradley Vizi also recently made the following trade(s):

• On Wednesday, September 24th, Bradley Vizi sold 8 shares of RCM Technologies stock. The stock was sold at an average price of $27.55, for a total transaction of $220.40.
• On Tuesday, September 23rd, Bradley Vizi sold 85 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $2,337.50.
• On Friday, September 19th, Bradley Vizi sold 3,825 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $105,187.50.
• On Thursday, September 18th, Bradley Vizi sold 2,620 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $72,050.00.
• On Wednesday, September 17th, Bradley Vizi sold 2,811 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total transaction of $77,330.61.
• On Friday, September 12th, Bradley Vizi sold 658 shares of RCM Technologies stock. The shares were sold at an average price of $27.53, for a total transaction of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $8,250.00.
• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total transaction of $108,967.11.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $123,970.00.

RCM Technologies Stock Performance

NASDAQ:RCMT opened at $26.53 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50-day moving average of $25.68 and a two-hundred day moving average of $22.03. The stock has a market cap of $196.59 million, a P/E ratio of 15.07 and a beta of 0.27. RCM Technologies, Inc. has a 1-year low of $13.18 and a 1-year high of $28.27.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of RCM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus price target of $33.50.

Hedge Funds Weigh In On RCM Technologies

Large investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of RCM Technologies during the second quarter worth about $29,000. BNP Paribas Financial Markets lifted its position in shares of RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of RCM Technologies by 1,241.0% during the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after purchasing an additional 2,147 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in RCM Technologies during the second quarter worth about $77,000. Finally, New York State Common Retirement Fund acquired a new stake in RCM Technologies during the second quarter worth about $101,000. Institutional investors own 43.20% of the company’s stock.

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.