A Director at Rayonier Advanced Materials (NYSE: RYAM) is Selling Shares

By Carrie Williams

Today, a Director at Rayonier Advanced Materials (NYSE: RYAM), Ronald Townsend, sold shares of RYAM for $31.51K.

The company has a one year high of $15.96 and a one year low of $5.88. RYAM’s market cap is $524M and the company has a P/E ratio of 7.12. Currently, Rayonier Advanced Materials has an average volume of 107.4K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $16.00, reflecting a -24.6% downside. Three different firms, including Merrill Lynch and RBC Capital, currently also have a Sell rating on the stock.

The insider sentiment on Rayonier Advanced Materials has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Rayonier Advanced Materials, Inc. engages in the production of purified cellulose natural polymer. Its performance fibers product is used in cigarette filters, liquid crystal displays, impact-resistant plastics, as well as thickeners for food products, pharmaceuticals and cosmetics. The company was founded on January 16, 2014 and is headquartered in Jacksonville, Fl.