Suncrete (NASDAQ:RMIX) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen downgraded shares of Suncrete (NASDAQ:RMIX) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

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

Suncrete Price Performance

Shares of NASDAQ RMIX opened at $12.22 on Friday. The firm has a 50 day simple moving average of $16.02. Suncrete has a fifty-two week low of $9.20 and a fifty-two week high of $25.50. The firm has a market capitalization of $898.05 million, a price-to-earnings ratio of -87.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 1.15.

Suncrete (NASDAQ:RMIX) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.70). The business 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% compared to the same quarter last year. Sell-side analysts expect that Suncrete will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Suncrete

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp acquired a new position in Suncrete in the 2nd quarter worth $4,358,000. NewEdge Advisors LLC acquired a new stake in shares of Suncrete in the 2nd quarter valued at about $29,000. Harraden Circle Investments LLC acquired a new stake in shares of Suncrete in the 2nd quarter valued at about $17,647,000. Susquehanna International Group LLP acquired a new stake in shares of Suncrete in the 2nd quarter valued at about $285,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Suncrete in the second quarter valued at about $78,044,000. 71.07% of the stock is owned by institutional investors.

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.