StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAM – Free Report) from a sell rating to a hold rating in a research report report published on Monday.
Rayonier Advanced Materials Trading Up 1.5 %
NYSE RYAM opened at $4.12 on Monday. The company has a market capitalization of $270.03 million, a PE ratio of -2.62 and a beta of 3.03. The company has a fifty day moving average of $4.30 and a 200 day moving average of $3.88. Rayonier Advanced Materials has a 1 year low of $2.66 and a 1 year high of $5.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.53 and a quick ratio of 0.98.
Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last posted its earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.16). The business had revenue of $422.00 million for the quarter, compared to analyst estimates of $442.40 million. Rayonier Advanced Materials had a negative net margin of 6.15% and a negative return on equity of 6.80%. Research analysts forecast that Rayonier Advanced Materials will post -0.34 earnings per share for the current year.
Institutional Inflows and Outflows
About Rayonier Advanced Materials
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.
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