Rayonier Advanced Materials (NYSE:RYAM) Stock Price Down 8.8% – Should You Sell?

Rayonier Advanced Materials Inc. (NYSE:RYAM) dropped 8.8% during trading on Monday . The company traded as low as $8.15 and last traded at $8.2560. Approximately 173,267 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,045,674 shares. The stock had previously closed at $9.05.

Analysts Set New Price Targets

RYAM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of Rayonier Advanced Materials from $9.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Rayonier Advanced Materials Stock Performance

The company has a debt-to-equity ratio of 3.21, a current ratio of 1.37 and a quick ratio of 0.79. The stock has a market cap of $558.74 million, a P/E ratio of -1.18 and a beta of 1.74. The stock has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $8.61.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, May 5th. The basic materials company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.60). Rayonier Advanced Materials had a negative return on equity of 43.24% and a negative net margin of 32.86%.The company had revenue of $319.06 million during the quarter, compared to the consensus estimate of $302.63 million. Research analysts forecast that Rayonier Advanced Materials Inc. will post -1.16 earnings per share for the current year.

Institutional Trading of Rayonier Advanced Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in shares of Rayonier Advanced Materials by 754.4% in 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 during the last quarter. Graham Capital Management L.P. bought a new stake in Rayonier Advanced Materials during the 4th quarter worth $76,000. Tactive Advisors LLC increased its holdings in Rayonier Advanced Materials by 18.0% in the 4th quarter. Tactive Advisors LLC now owns 13,325 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 2,032 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rayonier Advanced Materials in the 4th quarter worth about $86,000. Finally, Balyasny Asset Management L.P. bought a new position in Rayonier Advanced Materials in the fourth quarter valued at about $117,000. Institutional investors 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.