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Michael Saks, Division President of Health Care Services at RCM Technologies , Inc. (NASDAQ:RCMT), recently sold 300 shares of the company’s common stock. The transaction, dated March 17, 2025, was executed at a price of $15.89 per share, yielding a total value of $4,767. Following this sale, Saks retains ownership of 114,156 shares. The sale comes amid a challenging period for RCMT’s stock, which has declined nearly 29% year-to-date. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 9.3x and maintains a "GOOD" financial health rating.
The sale was conducted to cover taxes related to vested time-based restricted stock units that Saks had previously received. This transaction reflects Saks’ ongoing management of his equity holdings in the company. With a market capitalization of $122.5 million, RCMT appears undervalued according to InvestingPro Fair Value metrics. Investors can access 8 additional ProTips and comprehensive valuation analysis through the Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, RCM Technologies reported mixed financial results for Q4 2024. The company missed earnings per share (EPS) expectations, reporting $0.49 against the forecasted $0.81. However, revenue slightly surpassed projections, reaching $76.91 million compared to the expected $76.27 million. Despite the revenue beat, the EPS shortfall highlighted operational challenges, including increased expenses and project cancellations. These developments have raised concerns among investors about profitability, as reflected in the company’s financial performance. RCM Technologies has expressed optimism for 2025, with plans to focus on AI and energy services to drive growth. The company aims for low double-digit growth in adjusted EBITDA each quarter of fiscal 2025. Analysts have noted the importance of strategic initiatives to enhance future performance, with firms like Thermal Kinetics contributing to growth in sectors such as the ethanol industry.
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