RCM Technologies (NASDAQ:RCMT) Posts Quarterly Earnings Results, Misses Estimates By $0.37 EPS

RCM Technologies (NASDAQ:RCMT) released its earnings results on Wednesday. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.37), Zacks reports. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

RCM Technologies Stock Performance

Shares of RCM Technologies stock traded up $0.39 during trading on Wednesday, reaching $17.84. The company’s stock had a trading volume of 45,457 shares, compared to its average volume of 53,350. The company has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $20.91. RCM Technologies has a fifty-two week low of $16.50 and a fifty-two week high of $29.23. The firm has a market cap of $135.53 million, a PE ratio of 9.15 and a beta of 0.58. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06.

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.