Suncrete (RMIX) – What Are Brokerages Saying About This Stock?

Suncrete (NASDAQ:RMIX) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.25.

A number of brokerages have commented on RMIX. Wall Street Zen cut shares of Suncrete from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 3rd. B. Riley Financial reaffirmed a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Weiss Ratings downgraded shares of Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of Suncrete in a report on Tuesday, August 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Suncrete in the third quarter valued at $3,707,000. State Street Corp raised its holdings in Suncrete by 22.4% in the 3rd quarter. State Street Corp now owns 236,814 shares of the company’s stock valued at $3,048,000 after acquiring an additional 43,373 shares during the period. Voya Investment Management LLC raised its holdings in Suncrete by 576.9% in the 3rd quarter. Voya Investment Management LLC now owns 200,000 shares of the company’s stock valued at $2,574,000 after acquiring an additional 170,454 shares during the period. Royce & Associates LP acquired a new stake in Suncrete during the third quarter worth approximately $5,512,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Suncrete during the third quarter worth approximately $719,000. 71.07% of the stock is owned by institutional investors and hedge funds.

Suncrete Stock Down 37.4%

Shares of NASDAQ:RMIX traded down $3.04 during trading on Tuesday, hitting $5.08. 2,847,236 shares of the company were exchanged, compared to its average volume of 633,596. Suncrete has a fifty-two week low of $5.02 and a fifty-two week high of $25.50. The stock has a market cap of $373.33 million, a price-to-earnings ratio of -36.29 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $15.71.

Suncrete (NASDAQ:RMIX) last released its earnings results on Friday, November 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.11). The company had revenue of $140.96 million for the quarter. As a group, research analysts anticipate that Suncrete will post -0.01 earnings per share for the current fiscal year.

About Suncrete

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.