Suncrete (NASDAQ:RMIX) Stock Price Up 9% – Here’s Why

Suncrete (NASDAQ:RMIX)’s stock price rose 9% during mid-day trading on Wednesday . The company traded as high as $20.34 and last traded at $20.3850. Approximately 115,606 shares traded hands during trading, a decline of 55% from the average daily volume of 256,667 shares. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

RMIX has been the subject of a number of recent analyst reports. Roth Mkm initiated coverage on Suncrete in a research report on Thursday, May 14th. They set a “buy” rating and a $21.00 price objective for the company. Jefferies Financial Group initiated coverage on Suncrete in a research report on Friday, May 1st. They issued a “buy” rating and a $19.00 target price for the company. Robert W. Baird initiated coverage on Suncrete in a research report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 target price for the company. William Blair initiated coverage on Suncrete in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Finally, Weiss Ratings initiated coverage on Suncrete in a research report on Wednesday, April 29th. They issued a “sell (d+)” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $20.33.

Suncrete Stock Up 1.7%

The company’s 50 day moving average price is $16.05.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter. Analysts expect that Suncrete will post 0.23 earnings per share 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.