Rayonier Advanced Materials (NYSE:RYAM) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Rayonier Advanced Materials Inc. (NYSE:RYAM) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.67 and traded as high as $7.78. Rayonier Advanced Materials shares last traded at $7.73, with a volume of 443,151 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on RYAM. Royal Bank of Canada increased their target price on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Rayonier Advanced Materials Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The company has a market capitalization of $509.53 million, a PE ratio of -6.04 and a beta of 3.00. The company’s 50-day simple moving average is $7.67 and its 200-day simple moving average is $8.02.

Insiders Place Their Bets

In other news, Director Eric Bowen bought 12,500 shares of Rayonier Advanced Materials stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $8.04 per share, for a total transaction of $100,500.00. Following the purchase, the director now owns 12,500 shares of the company’s stock, valued at approximately $100,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.14% of the stock is currently owned by insiders.

Institutional Trading of Rayonier Advanced Materials

Several hedge funds have recently made changes to their positions in the company. PharVision Advisers LLC acquired a new stake in shares of Rayonier Advanced Materials in the 4th quarter worth $227,000. Squarepoint Ops LLC lifted its stake in shares of Rayonier Advanced Materials by 62.5% in the fourth quarter. Squarepoint Ops LLC now owns 90,426 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 34,777 shares during the period. State of Wyoming lifted its stake in shares of Rayonier Advanced Materials by 89.8% in the fourth quarter. State of Wyoming now owns 75,327 shares of the basic materials company’s stock valued at $621,000 after purchasing an additional 35,645 shares during the period. Sherbrooke Park Advisers LLC lifted its stake in shares of Rayonier Advanced Materials by 145.0% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 27,976 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 16,557 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Rayonier Advanced Materials by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 18,030 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 5,932 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

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.