Rayonier Advanced Materials (NYSE:RYAM) Hits New 52-Week High – What’s Next?

Rayonier Advanced Materials Inc. (NYSE:RYAMGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.65 and last traded at $10.63, with a volume of 703551 shares changing hands. The stock had previously closed at $9.37.

Key Rayonier Advanced Materials News

Here are the key news stories impacting Rayonier Advanced Materials this week:

Wall Street Analysts Forecast Growth

A number of analysts have commented on RYAM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, January 22nd. Wall Street Zen upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rayonier Advanced Materials currently has an average rating of “Hold” and a consensus price target of $6.00.

View Our Latest Stock Report on Rayonier Advanced Materials

Rayonier Advanced Materials Stock Performance

The company has a debt-to-equity ratio of 2.26, a current ratio of 1.57 and a quick ratio of 0.89. The firm has a 50 day moving average of $7.81 and a two-hundred day moving average of $6.89. The stock has a market cap of $711.65 million, a PE ratio of -1.70 and a beta of 2.14.

Rayonier Advanced Materials (NYSE:RYAMGet Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.19). Rayonier Advanced Materials had a negative net margin of 28.21% and a negative return on equity of 13.64%. The firm had revenue of $417.00 million during the quarter, compared to analyst estimates of $364.07 million. Research analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in Rayonier Advanced Materials by 754.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 7,031 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Rayonier Advanced Materials during the second quarter worth $52,000. Graham Capital Management L.P. acquired a new position in shares of Rayonier Advanced Materials in the fourth quarter worth $76,000. Tactive Advisors LLC lifted its position in shares of Rayonier Advanced Materials by 18.0% in the fourth quarter. Tactive Advisors LLC now owns 13,325 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 2,032 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Rayonier Advanced Materials by 46.7% during the third quarter. Covestor Ltd now owns 11,421 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 3,636 shares during the last quarter. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

About Rayonier Advanced Materials

(Get Free Report)

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.

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