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

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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RMIX shares. Wall Street Zen upgraded Suncrete to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Suncrete in a research note on Friday, July 24th. William Blair assumed coverage on shares of Suncrete in a report on Monday, May 4th. They set an “outperform” rating on the stock. Robert W. Baird started coverage on shares of Suncrete in a research note on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 target price on the stock. Finally, B. Riley Financial initiated coverage on shares of Suncrete in a report on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $21.75.

Suncrete Price Performance

The business has a 50-day moving average price of $19.92.

Suncrete (NASDAQ:RMIX) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.60) earnings per share for the quarter. The business had revenue of ($14.49) million during the quarter. Analysts forecast that Suncrete will post 0.21 EPS 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 bought a new stake in Suncrete (NASDAQ:RMIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 71.07% of the company’s stock.

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.