Suncrete (NASDAQ:RMIX) Shares Gap Down – Should You Sell?

Shares of Suncrete (NASDAQ:RMIX) gapped down prior to trading on Friday . The stock had previously closed at $18.82, but opened at $17.05. Suncrete shares last traded at $17.4940, with a volume of 135,263 shares traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RMIX shares. Jefferies Financial Group started coverage on Suncrete in a research note on Friday, May 1st. They issued a “buy” rating and a $19.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Suncrete in a research note on Friday, July 24th. William Blair started coverage on shares of Suncrete in a report on Monday, May 4th. They set an “outperform” rating for the company. Roth Capital began coverage on Suncrete in a research report on Thursday, May 14th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Robert W. Baird began coverage on shares of Suncrete in a research report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Suncrete presently has a consensus rating of “Buy” and a consensus target price of $21.75.

Suncrete Trading Down 2.7%

The business has a fifty day moving average price of $19.92.

Suncrete (NASDAQ:RMIX) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.60) EPS for the quarter. The company had revenue of ($14.49) million during the quarter. Analysts forecast that Suncrete will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Suncrete stock. Bank of New York Mellon Corp purchased a new stake in Suncrete (NASDAQ:RMIX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,214,384 shares of the company’s stock, valued at approximately $27,360,000. Bank of New York Mellon Corp owned approximately 1.70% of Suncrete as of its most recent filing with the Securities & Exchange Commission. 71.07% of the stock is owned by institutional investors.

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.