StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAM – Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday.
Rayonier Advanced Materials Stock Down 5.8 %
Rayonier Advanced Materials stock opened at $3.88 on Monday. Rayonier Advanced Materials has a 52 week low of $2.66 and a 52 week high of $5.76. The business’s 50-day moving average price is $4.29 and its 200 day moving average price is $3.88. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.01.
Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last released its earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.16). The firm had revenue of $422.00 million during the quarter, compared to analysts’ expectations of $442.40 million. Rayonier Advanced Materials had a negative net margin of 6.15% and a negative return on equity of 6.80%. Sell-side analysts predict that Rayonier Advanced Materials will post -0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Rayonier Advanced Materials
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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