Rayonier Advanced Materials Inc. (NYSE:RYAM) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
Rayonier Advanced Materials Inc. (NYSE:RYAM) shares have continued their recent momentum with a 25% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 27% over that time.
Even after such a large jump in price, it would still be understandable if you think Rayonier Advanced Materials is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.2x, considering almost half the companies in the United States’ Chemicals industry have P/S ratios above 1.2x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
