Rayonier Advanced Materials (NYSE:RYAM) Share Price Crosses Above 50 Day Moving Average of $4.22

Rayonier Advanced Materials Inc. (NYSE:RYAM) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.22 and traded as high as $4.35. Rayonier Advanced Materials shares last traded at $4.08, with a volume of 939,107 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

Rayonier Advanced Materials Stock Up 2.0 %

The firm has a 50 day moving average price of $4.22 and a 200-day moving average price of $3.94. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. The firm has a market cap of $267.41 million, a PE ratio of -2.60 and a beta of 3.05.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.16). Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. The firm had revenue of $422.00 million for the quarter, compared to analyst estimates of $442.40 million. Research analysts forecast that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of RYAM. Sherbrooke Park Advisers LLC purchased a new position in shares of Rayonier Advanced Materials in the 3rd quarter valued at about $46,000. Bleakley Financial Group LLC purchased a new position in Rayonier Advanced Materials in the fourth quarter valued at approximately $47,000. Simplicity Solutions LLC acquired a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $47,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $54,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Rayonier Advanced Materials by 64.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after buying an additional 5,633 shares in the last quarter. 68.64% of the stock is currently owned by institutional investors and hedge funds.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.