Rayonier Advanced Materials (NYSE:RYAM) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.81 and traded as high as $8.72. Rayonier Advanced Materials shares last traded at $7.9750, with a volume of 655,347 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RYAM. Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Rayonier Advanced Materials Price Performance

The stock’s 50-day moving average is $6.84 and its two-hundred day moving average is $6.24. The stock has a market cap of $519.33 million, a PE ratio of -1.24 and a beta of 2.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.89 and a current ratio of 1.57.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). 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 $352.84 million during the quarter, compared to analysts’ expectations of $373.70 million. On average, equities analysts predict that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Institutional Trading of Rayonier Advanced Materials

Hedge funds have recently added to or reduced their stakes in the stock. Inscription Capital LLC lifted its holdings in shares of Rayonier Advanced Materials by 39.2% in the 4th quarter. Inscription Capital LLC now owns 23,248 shares of the basic materials company’s stock valued at $137,000 after buying an additional 6,542 shares during the period. Tactive Advisors LLC lifted its holdings 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 purchasing an additional 2,032 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Rayonier Advanced Materials during the 3rd quarter valued at $1,267,000. Verition Fund Management LLC acquired a new stake in shares of Rayonier Advanced Materials during the third quarter valued at $209,000. Finally, Nantahala Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials during the third quarter worth about $3,686,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile

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.