Yara International ASA (OTCMKTS:YARIY) Hits New 52-Week High – Time to Buy?

Yara International ASA (OTCMKTS:YARIY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.45 and last traded at $29.38, with a volume of 4508 shares. The stock had previously closed at $28.99.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Arctic Securiti upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Zacks Research raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Rothschild & Co Redburn upgraded shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Yara International ASA Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.72 and a quick ratio of 0.89. The company has a 50-day simple moving average of $23.65 and a 200-day simple moving average of $20.53. The stock has a market cap of $14.97 billion, a PE ratio of 10.92 and a beta of 0.71.

About Yara International ASA

Yara International ASA is a Norway-based chemical company that specializes in the production and distribution of mineral fertilizers and nitrogen-based crop nutrition solutions. Headquartered in Oslo, Yara is recognized for its comprehensive portfolio of products that support agricultural productivity, environmental protection and industrial applications. The company’s operations span the entire value chain from ammonia production to the blending and distribution of finished fertilizer products.

The core of Yara’s business centers on nitrogen-based fertilizers including ammonium nitrate, urea, calcium ammonium nitrate and specialty blends designed to optimize crop yield and nutrient use efficiency.