RYAM Shares Surpass 50-Day Moving Average of $6.60

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Rayonier Advanced Materials ($NYSE:RYAM) Inc. (NYSE:RYAM) is a global leader in the production and sale of high-performance cellulose specialties, paperboard, and lumber products. The company has manufacturing operations located in North America, Europe, and Asia Pacific. RAYONIER ADVANCED MATERIALS focuses on meeting the needs of its customers through innovation, sustainability and quality. On Wednesday, RYAM shares closed above its 50-day moving average of $6.60, signalling a positive trend in the stock’s performance. This is the latest milestone achieved by RYAM as its shares have been steadily increasing since the beginning of 2021. RYAM has been able to capitalize on market opportunities due to its global presence and ability to create innovative products. The company is focused on creating products that meet customer needs in high performance, specialty cellulose, and lumber markets.

Furthermore, RYAM is committed to sustainability and quality, setting it apart from its competitors. In addition to surpassing its 50-day moving average, RYAM has also seen strong support from investors and analysts. Analysts have recently upgraded their outlook on the stock, with several recommending a “buy” rating. As such, RYAM shares are expected to continue performing well in the near future. Overall, the recent success of RYAM shares is a testament to the company’s strong performance this year. With its focus on innovation, sustainability and quality, Rayonier Advanced Materials Inc. is well-positioned for continued success in 2021 and beyond.

Price History

Investors in RAYONIER ADVANCED MATERIALS (RYAM) are certainly having something to cheer about. On Friday, the stock opened at $8.3 and closed at $8.6, up by 4.8% from the last closing price of 8.2. This was enough to surpass the 50-day moving average of $6.60 and puts the stock in a strong position for continued growth. The media sentiment is mostly positive towards RYAM, with analysts predicting further growth in the coming weeks. This is likely to be driven by the company’s recent success in expanding its portfolio of products and services, as well as its focus on developing innovative new technologies.

This is a testament to their commitment to quality and efficiency, which has driven their success over the last few years. Overall, RYAM shares are in a strong position, and investors should be looking to capitalize on the stock’s impressive performance. With the continued growth of their products and services, as well as their focus on innovation, RAYONIER ADVANCED MATERIALS looks set to remain a strong investment for the foreseeable future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for RYAM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for RYAM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for RYAM. More…

Key Ratios Snapshot

Some of the financial key ratios for RYAM are shown below. More…

VI Analysis

RAYONIER ADVANCED MATERIALS is a medium risk investment according to the VI Risk Rating, which is based on the company’s fundamentals and long-term potential. The VI App has identified one risk warning in the income sheet for RAYONIER ADVANCED MATERIALS, which offers investors insight into the financial and business aspects of the company. Investors should register with the VI App to gain access to the warning, as well as other important information about the company. RAYONIER ADVANCED MATERIALS is the world’s leading producer of high-performance cellulose specialty products, which are used in a variety of industries. The company offers a broad portfolio of products for various applications, including filtration, biodegradable plastics, pharmaceuticals, food ingredients, and papermaking. RAYONIER ADVANCED MATERIALS is also committed to sustainability and has implemented processes to reduce its environmental footprint. Overall, RAYONIER ADVANCED MATERIALS is a solid choice for investors who are looking for a medium risk investment with good potential. The VI App can provide investors with valuable insight into the financial and business aspects of the company, as well as risk warnings that should be taken into consideration before investing. More…

VI Peers

The company competes with Altech Chemicals Ltd, Supreme Petrochem Ltd, and Nanogate SE. All three companies are well-positioned to continue to grow and gain market share in the cellulose fiber market.

– Altech Chemicals Ltd ($ASX:ATC)

Altech Chemicals Ltd is an Australian-based chemicals company. The Company is engaged in the business of developing and commercializing technologies for the production of alumina from non-bauxite sources. It has developed the HPA production process, which is a hydrometallurgical process that converts raw materials, including kaolin clay, into alumina. The Company’s HPA production process involves the digestion of kaolin clay with hydrochloric acid, precipitation of aluminum hydroxide from the solution, calcination of the aluminum hydroxide to produce alumina, and cooling and washing of the product to produce a white powder known as alumina trihydrate.

– Supreme Petrochem Ltd ($LTS:0W1E)

Nanogate SE is a Germany-based company that develops, produces, and sells nanoscale coatings, surface treatments, and additives. It operates in three segments: Automotive, Industry, and Home. The Automotive segment provides solutions for the automotive industry, such as for the exterior and interior of vehicles. The Industry segment offers solutions for the electronics, optics, and plastics industries, among others. The Home segment provides solutions for the kitchen and bathroom industry, among others.

Summary

RAYONIER ADVANCED MATERIALS is a leading global manufacturer of forest products, including lumber, paper, and specialty cellulose. Investing in RAYONIER ADVANCED MATERIALS has been a profitable endeavor for many investors over the years, as the company has consistently produced a strong return on equity. Recently, its share price surpassed its 50-day moving average of $6.60, indicating an increased level of investor confidence in the company.

Furthermore, the current market sentiment towards RAYONIER ADVANCED MATERIALS is positive, contributing to a further increase in the company’s share price. As such, investing in RAYONIER ADVANCED MATERIALS could be a wise decision for those looking to gain a return on their capital.