RCM Technologies Inc (NASDAQ: RCMT) stock closed at $21.60 on 3/14/24 after a major decline of -24.9%. Moreover, trading volume in this decline was exceptionally high at 794% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -22.4% during the last week.
Current PriceTarget Research Rating
RCMT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
RCM Technologies has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. RCM Technologies has a slightly positive Appreciation Score of 62 and a very high Power Rating of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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