The stock of R C M Technologies Inc (NASDAQ:RCMT) hit a new 52-week high and has $18.82 target or 170.00% above today’s $6.97 share price. The 7 months bullish chart indicates low risk for the $86.32 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $18.82 price target is reached, the company will be worth $146.74M 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 24,300 shares traded hands. R C M Technologies Inc (NASDAQ:RCMT) has risen 26.14% since March 14, 2016 and is uptrending. It has outperformed by 20.53% 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 2016 Q2. Its down 0.44, from 1.14 in 2016Q1. The ratio dived, 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.
California Pub Employees Retirement Sys has 50,700 shares for 0% of their US portfolio. Bard last reported 80,095 shares in the company. Bank Of America De accumulated 0% or 23 shares. Bridgeway Cap Management Inc has invested 0.02% of its portfolio in R C M Technologies Inc (NASDAQ:RCMT). Earnest Prtnrs Ltd Llc holds 3,700 shares or 0% of its portfolio. Lsv Asset Mgmt reported 29,351 shares or 0% of all its holdings. Northern Tru holds 21,565 shares or 0% of its portfolio. Bank Of New York Mellon Corporation has 22,358 shares for 0% of their US portfolio. Blackrock Inv Mngmt reported 1,691 shares or 0% of all its holdings. Bourgeon Cap Management owns 270,179 shares or 0.91% of their US portfolio. Perritt Capital Mgmt last reported 0.05% of its portfolio in the stock. Frontier Mngmt reported 150,700 shares or 0.1% of all its holdings. The Texas-based Dimensional Fund Advisors L P has invested 0% in R C M Technologies Inc (NASDAQ:RCMT). Walleye Trading Ltd Liability Com accumulated 0% or 200 shares. Geode Mngmt Limited Liability has 40,694 shares for 0% of their US portfolio.
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 Fourth Quarter and Full Year 2015 Results” published on March 01, 2016 as well as Globenewswire.com‘s news article titled: “RCM Technologies, Inc. Announces Acquisition of BGA LLC” with publication date: August 08, 2012.
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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