Rayonier Advanced Materials (NYSE:RYAM) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Rayonier Advanced Materials Inc. (NYSE:RYAM - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.00 and traded as high as $4.21. Rayonier Advanced Materials shares last traded at $4.14, with a volume of 511,103 shares.

Analysts Set New Price Targets

RYAM has been the topic of a number of recent research reports. Royal Bank Of Canada cut their price target on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen cut Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Rayonier Advanced Materials Trading Down 0.7%

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.41 and a quick ratio of 0.89. The company's 50 day simple moving average is $4.00 and its 200 day simple moving average is $5.45. The firm has a market cap of $276.47 million, a price-to-earnings ratio of -3.91 and a beta of 2.46.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The firm had revenue of $356.00 million for the quarter, compared to analysts' expectations of $375.80 million. Rayonier Advanced Materials had a negative return on equity of 4.71% and a negative net margin of 4.38%. As a group, research analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Delyle W. Bloomquist bought 63,291 shares of the company's stock in a transaction dated Friday, May 16th. The stock was bought at an average price of $3.95 per share, with a total value of $249,999.45. Following the transaction, the chief executive officer owned 486,024 shares of the company's stock, valued at approximately $1,919,794.80. This trade represents a 14.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Rayonier Advanced Materials

Large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new stake in shares of Rayonier Advanced Materials during the 1st quarter worth about $34,000. Townsquare Capital LLC bought a new position in Rayonier Advanced Materials during the 4th quarter worth approximately $85,000. Royce & Associates LP bought a new position in Rayonier Advanced Materials during the 1st quarter worth approximately $103,000. Walleye Capital LLC bought a new position in Rayonier Advanced Materials in the fourth quarter valued at approximately $113,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Rayonier Advanced Materials by 36.6% in the fourth quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 3,852 shares during the last quarter. 68.64% of the stock is owned by institutional investors.

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.