Rayonier Advanced Materials Inc. (RYAM) Soars 3.97% on June 16

Equities Staff  |

Rayonier Advanced Materials Inc. (RYAM) had a good day on the market for Tuesday June 16 as shares jumped 3.97% to close at $2.62. About 491,940 shares traded hands on 3,137 trades for the day, compared with an average daily volume of n/a shares out of a total float of 63.25 million. After opening the trading day at $2.66, shares of Rayonier Advanced Materials Inc. stayed within a range of $2.77 to $2.56.

With today's gains, Rayonier Advanced Materials Inc. now has a market cap of $165.72 million. Shares of Rayonier Advanced Materials Inc. have been trading within a range of $6.87 and $0.91 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in four reportable segments namely: High Purity Cellulose, Forest Products, Paperboard, and Pulp & Newsprint. The majority of the revenue is generated from the High Purity Cellulose segment.

Rayonier Advanced Materials Inc. is based out of Jacksonville, FL and has some 4,000 employees. Its CEO is Paul G. Boynton.

For a complete fundamental analysis of Rayonier Advanced Materials Inc., check out Equities.com’s Stock Valuation Analysis report for RYAM.

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Rayonier Advanced Materials Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Rayonier Advanced Materials Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: RYAM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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