Suncrete (NASDAQ:RMIX) Stock Now Rated “Buy” by Wall Street Analysts

Suncrete (NASDAQ:RMIX) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.25.

A number of research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Suncrete in a research report on Tuesday, August 18th. B. Riley Financial restated 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. Wall Street Zen cut Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Finally, Weiss Ratings cut Suncrete from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th.

Suncrete Trading Down 2.3%

Shares of NASDAQ:RMIX opened at $9.57 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.40. Suncrete has a twelve month low of $9.20 and a twelve month high of $25.50. The stock has a 50 day simple moving average of $14.25.

Suncrete (NASDAQ:RMIX) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The business had revenue of $97.23 million for the quarter, compared to the consensus estimate of $104.93 million. The business’s revenue for the quarter was up 146.2% compared to the same quarter last year. As a group, research analysts expect that Suncrete will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Suncrete

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RMIX. NewEdge Advisors LLC purchased a new stake in shares of Suncrete in the 2nd quarter valued at $29,000. State of Alaska Department of Revenue purchased a new stake in Suncrete during the 3rd quarter worth approximately $29,000. Central Pacific Bank Trust Division acquired a new stake in Suncrete during the 3rd quarter worth approximately $32,000. Susquehanna International Group LLP purchased a new position in Suncrete in the 2nd quarter valued at approximately $285,000. Finally, State Street Corp purchased a new stake in shares of Suncrete during the second quarter worth $4,358,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.

Suncrete Company Profile

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.