Rayonier Advanced Materials (NYSE:RYAM) Trading Down 3.9% – Should You Sell?

Rayonier Advanced Materials Inc. (NYSE:RYAM) fell 3.9% during mid-day trading on Friday . The company traded as low as $7.97 and last traded at $7.99. 272,523 shares were traded during mid-day trading, a decline of 15% from the average session volume of 318,908 shares. The stock had previously closed at $8.31.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RYAM. Royal Bank of Canada boosted their target price on Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Rayonier Advanced Materials Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The stock has a market cap of $532.60 million, a P/E ratio of -6.31 and a beta of 3.02. The business has a 50 day moving average price of $8.45 and a 200 day moving average price of $7.55.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $412.20 million. During the same period last year, the company posted ($0.41) earnings per share. As a group, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Insider Buying and Selling at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the acquisition, the director now directly owns 12,500 shares of the company’s stock, valued at $100,500. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is owned by insiders.

Institutional Trading of Rayonier Advanced Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAM. Quarry LP purchased a new stake in shares of Rayonier Advanced Materials in the 2nd quarter valued at $29,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Rayonier Advanced Materials during the 2nd quarter valued at approximately $61,000. nVerses Capital LLC lifted its stake in Rayonier Advanced Materials by 121.9% in the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,900 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Rayonier Advanced Materials in the second quarter worth approximately $66,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Rayonier Advanced Materials during the third quarter worth $139,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

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.