Resources Connection Reaches New 1-Year High at $16.20 (RECN)

Resources Connection (NASDAQ:RECN) shares hit a new 52-week high during mid-day trading on Tuesday , AnalystRatings.NET reports. The company traded as high as $16.20 and last traded at $16.19, with a volume of 220,940 shares changing hands. The stock had previously closed at $15.67.

A number of analysts have recently weighed in on RECN shares. Analysts at Zacks downgraded shares of Resources Connection from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 3rd. They now have a $17.10 price target on the stock.

The stock’s 50-day moving average is $15.38 and its 200-day moving average is $14.5. The company has a market cap of $616.5 million and a P/E ratio of 28.13.

Resources Connection (NASDAQ:RECN) last issued its quarterly earnings data on Thursday, October 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $143.40 million for the quarter. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Resources Connection will post $0.67 earnings per share for the current fiscal year.

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (NASDAQ:RECN).

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