Suncrete (NASDAQ:RMIX) Shares Down 6.3% – Here’s Why

Suncrete (NASDAQ:RMIXGet Free Report)’s stock price traded down 6.3% during mid-day trading on Monday . The company traded as low as $18.32 and last traded at $18.35. Approximately 87,615 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 383,022 shares. The stock had previously closed at $19.58.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RMIX shares. Robert W. Baird initiated coverage on Suncrete in a research note on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 target price for the company. Jefferies Financial Group began coverage on shares of Suncrete in a research report on Friday, May 1st. They issued a “buy” rating and a $19.00 price target on the stock. Weiss Ratings started coverage on Suncrete in a report on Wednesday, April 29th. They set a “sell (d+)” rating on the stock. William Blair started coverage on Suncrete in a report on Monday, May 4th. They issued an “outperform” rating for the company. Finally, Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $21.75.

Get Our Latest Stock Report on RMIX

Suncrete Stock Down 3.1%

The company’s 50 day moving average is $19.57.

Suncrete (NASDAQ:RMIXGet Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.60) earnings per share (EPS) for the quarter. The company had revenue of ($14.49) million for the quarter. Equities analysts anticipate that Suncrete will post 0.21 EPS for the current year.

About Suncrete

(Get Free Report)

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.

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