Suncrete (NASDAQ:RMIX) Stock Price Down 6.3% – Here’s What Happened

by · The Markets Daily

Suncrete (NASDAQ:RMIX – Get Free Report) shares fell 6.3% during trading on Monday . The company traded as low as $18.32 and last traded at $18.35. Approximately 87,615 shares changed hands during trading, a decline of 77% from the average session volume of 383,022 shares. The stock had previously closed at $19.58.

Wall Street Analyst Weigh In

RMIX has been the topic of several research analyst reports. Wall Street Zen raised Suncrete to a “sell” rating in a research report on Saturday, June 13th. Jefferies Financial Group initiated coverage on Suncrete in a research report on Friday, May 1st. They set a “buy” rating and a $19.00 target price for the company. Robert W. Baird started coverage on Suncrete in a research note on Wednesday, May 27th. They set an “outperform” rating and a $21.00 target price on the stock. Weiss Ratings started coverage on shares of Suncrete in a report on Wednesday, April 29th. They issued a “sell (d+)” rating on the stock. Finally, B. Riley Financial initiated coverage on shares of Suncrete in a report on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Suncrete presently has an average rating of “Buy” and a consensus target price of $21.75.

Read Our Latest Analysis on Suncrete

Suncrete Price Performance

The stock has a 50-day simple moving average of $19.47.

Suncrete (NASDAQ:RMIX – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.60) EPS for the quarter. The firm had revenue of ($14.49) million during the quarter. Analysts anticipate that Suncrete will post 0.21 EPS for the current fiscal year.

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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