Rayonier Advanced Materials Inc. (NYSE:RYAM – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 7,000,000 shares, a drop of 18.9% from the August 15th total of 8,630,000 shares. Approximately 11.2% of the shares of the company are short sold. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is currently 5.5 days.
Rayonier Advanced Materials Trading Down 3.8 %
Shares of Rayonier Advanced Materials stock traded down $0.12 during trading on Monday, reaching $3.02. The company’s stock had a trading volume of 160,725 shares, compared to its average volume of 981,897. Rayonier Advanced Materials has a 52-week low of $2.84 and a 52-week high of $9.84. The company has a market cap of $197.34 million, a price-to-earnings ratio of 12.08 and a beta of 3.20. The firm’s 50-day moving average is $3.84 and its two-hundred day moving average is $4.71. The company has a quick ratio of 1.02, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.
Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.13). The business had revenue of $385.00 million during the quarter. Rayonier Advanced Materials had a net margin of 1.05% and a return on equity of 0.98%. On average, sell-side analysts anticipate that Rayonier Advanced Materials will post -0.31 earnings per share for the current year.
Institutional Investors Weigh In On Rayonier Advanced Materials
Analyst Upgrades and Downgrades
RYAM has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 target price on shares of Rayonier Advanced Materials in a research note on Friday, September 8th. StockNews.com upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Finally, Bank of America reduced their price objective on shares of Rayonier Advanced Materials from $4.40 to $4.00 in a research note on Monday, July 10th.
About Rayonier Advanced Materials
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its 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.
- Five stocks we like better than Rayonier Advanced Materials
- How to Invest in Semiconductors
- 5 Reasons Mullen Automotive is About to Turn a Corner
- What to Know About Investing in Penny Stocks
- Qualcomm and Apple Forge Ahead with New Modem Partnership
- The Role Economic Reports Play in a Successful Investment Strategy
- Can These 3 Healthcare Dividend Stocks Deliver Income Growth?
Receive News & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.