Resources Connection, Inc. (RECN) provides consulting and business initiative support services in North America, Europe, and the Asia Pacific.
Its finance and accounting services include process transformation and improvement; financial reporting and analysis; technical and operational accounting; merger and acquisition due diligence; audit response; implementation of new accounting standards; and remediation support.
The companys information management services comprise strategy development, program and project management, business and technology integration, data strategy, and business performance management; and human capital services consist of change management, organization development and effectiveness, and optimization of human resources technology and operations. It also offers corporate advisory, strategic communications, and restructuring services; corporate governance, risk, and compliance management services, including contract and regulatory compliance; enterprise risk management; internal controls management; and operation and IT audits.
In addition, the company provides supply chain management services consisting of supply chain strategy development, procurement and supplier management, logistics and materials management, supply chain planning and forecasting, and conflict minerals and unique device identification compliance.
Further, it offers legal and regulatory services with projects, secondments or tactical needs, including commercial transactions; compliance initiatives; law department operations; and business strategy and litigation support. Additionally, the company provides policyIQ, a proprietary cloud-based governance, risk, and compliance software application.
Shares have formed a bullish "flag" and higher share prices are expected for this stock.
52-Week Trading Range: $11.84 - $17.55
Entry Point: $17.00
Stop Loss: $16.35
Target Price: $18.70
We are taking profit on RECN at $17.70 after stock's 30 days expired.