Suncrete (NASDAQ:RMIX) Shares Down 6.3% – What’s Next?

Shares of Suncrete (NASDAQ:RMIX) traded down 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.

Analyst Ratings Changes

A number of research firms recently weighed in on RMIX. B. Riley Financial initiated coverage on shares of Suncrete in a research note on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price objective for the company. Wall Street Zen upgraded Suncrete to a “sell” rating in a research report on Saturday, June 13th. Jefferies Financial Group began coverage on Suncrete in a report on Friday, May 1st. They issued a “buy” rating and a $19.00 price target for the company. Roth Capital began coverage on Suncrete in a research report on Thursday, May 14th. They issued a “buy” rating and a $21.00 price target for the company. Finally, William Blair initiated coverage on Suncrete in a research note on Monday, May 4th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Suncrete currently has an average rating of “Buy” and an average price target of $21.75.

Suncrete Trading Down 6.4%

The company’s 50-day simple moving average is $19.47.

Suncrete (NASDAQ:RMIX) last issued 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 during the quarter. As a group, analysts forecast that Suncrete will post 0.21 EPS for the current 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.