The stock of R C M Technologies Inc (NASDAQ:RCMT) hit a new 52-week high and has $18.40 target or 171.00% above today’s $6.79 share price. The 9 months bullish chart indicates low risk for the $86.15 million company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $18.40 price target is reached, the company will be worth $147.32M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 39,127 shares traded hands or 59.29% up from the average. R C M Technologies Inc (NASDAQ:RCMT) has risen 24.40% since March 4, 2016 and is uptrending. It has outperformed by 16.36% the S&P500.
Analysts await R C M Technologies Inc (NASDAQ:RCMT) to report earnings on November, 3.
According to Zacks Investment Research, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management.”
Insitutional Activity: The institutional sentiment decreased to 0.7 in Q2 2016. Its down 0.44, from 1.14 in 2016Q1. The ratio turned negative, as 4 funds sold all R C M Technologies Inc shares owned while 6 reduced positions. 2 funds bought stakes while 5 increased positions. They now own 3.95 million shares or 0.12% less from 3.96 million shares in 2016Q1.
Us State Bank De has 600 shares for 0% of their US portfolio. Bancorp Of New York Mellon Corporation accumulated 0% or 22,358 shares. Bourgeon Mngmt Limited has invested 0.91% of its portfolio in R C M Technologies Inc (NASDAQ:RCMT). Perritt Capital Mngmt has 0.05% invested in the company for 32,815 shares. Dimensional Fund Advsrs L P last reported 1.06M shares in the company. Earnest Prtnrs Ltd Liability Corporation holds 3,700 shares or 0% of its portfolio. Royal Natl Bank Of Canada owns 25,000 shares or 0% of their US portfolio. Nationwide Fund holds 0% of its portfolio in R C M Technologies Inc (NASDAQ:RCMT) for 400 shares. Blackrock Fund owns 25,437 shares or 0% of their US portfolio. Bard Assocs Inc has invested 0.22% of its portfolio in R C M Technologies Inc (NASDAQ:RCMT). Deutsche Natl Bank Ag has 2,300 shares for 0% of their US portfolio. Walleye Trading has 200 shares for 0% of their US portfolio. Rbf Ltd accumulated 20,000 shares or 0.02% of the stock. California Employees Retirement Systems holds 0% of its portfolio in R C M Technologies Inc (NASDAQ:RCMT) for 50,700 shares. Moreover, Fincl Bank Of America De has 0% invested in R C M Technologies Inc (NASDAQ:RCMT) for 23 shares.
More notable recent R C M Technologies Inc (NASDAQ:RCMT) news were published by: Globenewswire.com which released: “RCM Technologies, Inc. Announces Conference Call” on August 04, 2016, also Globenewswire.com with their article: “RCM Technologies, Inc. Appoints Senior Vice President” published on December 01, 2014, Nasdaq.com published: “RCM Technologies, Inc. (RCMT) Ex-Dividend Date Scheduled for December 18, 2015” on December 17, 2015. More interesting news about R C M Technologies Inc (NASDAQ:RCMT) were released by: Globenewswire.com and their article: “RCM Technologies, Inc. Announces Acquisition of BGA LLC” published on August 08, 2012 as well as Globenewswire.com‘s news article titled: “RCM Technologies, Inc. Announces Acquisition of Substation Design Services, LLC” with publication date: August 03, 2015.
RCMT Company Profile
RCM Technologies, Inc. (RCM), incorporated on January 27, 1971, is a well-known provider of business and technology solutions through the adaptation and deployment of engineering and information technology (IT) services. The Firm is also a well-known provider of specialty healthcare services to healthcare institutions and educational facilities. The Firm operates through three divisions: Engineering, Information Technology (IT) and Specialty Health Care Services. The Company’s Engineering segment provides engineering and design, engineering analysis, technical writing and technical support services, engineer, procure and construction management (EPC), as well as demand side management/energy conservation services. The Company’s IT segment provides enterprise business solutions, application services, infrastructure solutions, competitive advantage and productivity solutions, life sciences solutions and other selected vertical market specific offerings. The Company’s Specialty Health Care Services segment provides the staffing of healthcare professionals, primarily therapists, nurses and care givers.
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