Rayonier Advanced Materials (NYSE:RYAM) Shares Up 14.2%

Rayonier Advanced Materials Inc (NYSE:RYAM) was up 14.2% during mid-day trading on Monday . The company traded as high as $1.13 and last traded at $1.11, approximately 761,999 shares changed hands during trading. An increase of 7% from the average daily volume of 713,338 shares. The stock had previously closed at $0.97.

RYAM has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Rayonier Advanced Materials from a “c-” rating to a “d” rating in a research report on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating on shares of Rayonier Advanced Materials in a research note on Thursday, February 27th. ValuEngine raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Zacks Investment Research cut shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.50.

The company’s 50 day moving average price is $1.74 and its 200-day moving average price is $3.37. The company has a market capitalization of $61.40 million, a PE ratio of -1.52 and a beta of 3.69. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 1.56.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, February 25th. The basic materials company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.49). Rayonier Advanced Materials had a negative net margin of 1.19% and a negative return on equity of 14.99%. The company had revenue of $468.00 million for the quarter. As a group, analysts predict that Rayonier Advanced Materials Inc will post -1.25 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in RYAM. State Street Corp boosted its position in Rayonier Advanced Materials by 3.5% during the 3rd quarter. State Street Corp now owns 1,636,363 shares of the basic materials company’s stock worth $7,085,000 after purchasing an additional 54,979 shares during the period. Public Employees Retirement System of Ohio boosted its position in Rayonier Advanced Materials by 77.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,872 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 4,322 shares during the period. Barclays PLC boosted its position in Rayonier Advanced Materials by 127.8% during the 3rd quarter. Barclays PLC now owns 179,206 shares of the basic materials company’s stock worth $776,000 after purchasing an additional 100,542 shares during the period. California Public Employees Retirement System boosted its position in Rayonier Advanced Materials by 20.2% during the 4th quarter. California Public Employees Retirement System now owns 86,364 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 14,500 shares during the period. Finally, Sugarloaf Wealth Management LLC purchased a new stake in Rayonier Advanced Materials during the 4th quarter worth $81,000. 72.67% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Company Profile (NYSE:RYAM)

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

Recommended Story: What is the Producer Price Index (PPI)?

Receive News & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.