Rayonier Advanced Materials (NYSE:RYAM) Trading Down 5.2% – Time to Sell?

Rayonier Advanced Materials Inc. (NYSE:RYAM)’s stock price traded down 5.2% during trading on Monday . The stock traded as low as $9.95 and last traded at $10.0730. 184,291 shares traded hands during trading, a decline of 83% from the average session volume of 1,053,600 shares. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Thursday, January 22nd. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada raised their price target on shares of Rayonier Advanced Materials from $9.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. One research 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. Based on data from MarketBeat, Rayonier Advanced Materials has a consensus rating of “Hold” and a consensus price target of $14.00.

Rayonier Advanced Materials Stock Performance

The business’s 50-day simple moving average is $9.51 and its two-hundred day simple moving average is $7.73. The company has a quick ratio of 0.92, a current ratio of 1.58 and a debt-to-equity ratio of 2.39. The firm has a market cap of $689.80 million, a price-to-earnings ratio of -1.62 and a beta of 2.03.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results 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). The business had revenue of $417.55 million during the quarter, compared to analysts’ expectations of $364.07 million. Rayonier Advanced Materials had a negative net margin of 28.65% and a negative return on equity of 19.70%. As a group, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rayonier Advanced Materials

Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in Rayonier Advanced Materials by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 2,721,075 shares of the basic materials company’s stock worth $19,646,000 after acquiring an additional 155,268 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Rayonier Advanced Materials in the third quarter valued at about $1,267,000. Assenagon Asset Management S.A. grew its position in shares of Rayonier Advanced Materials by 40.3% in the third quarter. Assenagon Asset Management S.A. now owns 346,635 shares of the basic materials company’s stock valued at $2,503,000 after purchasing an additional 99,482 shares during the period. Next Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials during the third quarter worth about $478,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth about $491,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

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.