Suncrete (NASDAQ:RMIX) Rating Lowered to Strong Sell at Wall Street Zen

by · The Markets Daily

Suncrete (NASDAQ:RMIX – Get Free Report) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group reissued a “buy” rating and set a $22.00 price objective on shares of Suncrete in a report on Tuesday, August 18th. Weiss Ratings lowered Suncrete from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Finally, B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (down from $26.00) on shares of Suncrete in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Suncrete has an average rating of “Buy” and a consensus target price of $22.25.

Get Our Latest Stock Analysis on Suncrete

Suncrete Price Performance

RMIX stock opened at $12.22 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock has a market cap of $898.05 million, a price-to-earnings ratio of -87.29 and a beta of 0.83. Suncrete has a twelve month low of $9.20 and a twelve month high of $25.50. The firm’s 50-day moving average is $16.02.

Suncrete (NASDAQ:RMIX – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The firm had revenue of $97.23 million for the quarter, compared to analysts’ expectations of $104.93 million. The company’s revenue was up 146.2% on a year-over-year basis. On average, equities research analysts anticipate that Suncrete will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncrete

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. purchased a new stake in Suncrete in the second quarter worth about $78,044,000. Bank of New York Mellon Corp purchased a new position in shares of Suncrete during the second quarter valued at approximately $27,360,000. Harraden Circle Investments LLC bought a new stake in shares of Suncrete in the 2nd quarter worth approximately $17,647,000. State Street Corp bought a new stake in shares of Suncrete in the 2nd quarter worth approximately $4,358,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Suncrete in the 2nd quarter worth approximately $285,000. 71.07% of the stock is owned by hedge funds and other institutional investors.

Suncrete Company Profile

(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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