Executive Chairman & President Bradley Vizi Sells 11,200 Shares of RCM Technologies Inc (RCMT)
On December 18, 2023, Bradley Vizi, Executive Chairman & President and 10% Owner of RCM Technologies Inc (RCMT), sold 11,200 shares of the company. RCM Technologies Inc is a provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. The company operates through three segments: Engineering, Specialty Health Care, and Information Technology.
The insider executed the sale at an average price of $27.59, resulting in a transaction amount of approximately $309,008. Following this transaction, the insider's stake in RCM Technologies Inc has been adjusted accordingly.
Over the past year, Bradley Vizi has engaged in multiple transactions, selling a total of 200,000 shares and making no purchases of the company's stock.
The insider transaction history for RCM Technologies Inc reveals a pattern of insider selling activity. Over the past year, there have been no insider buys and 14 insider sells.
On the valuation front, RCM Technologies Inc's shares were trading at $27.59 on the day of the insider's recent sale, giving the company a market capitalization of $225.572 million. The price-earnings ratio stands at 15.82, which is above the industry median of 11.8 but below the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates that RCM Technologies Inc is significantly overvalued. With a share price of $27.59 and a GF Value of $14.66, the price-to-GF-Value ratio is 1.88.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
