Yara International ASA (OTCMKTS:YARIY) Trading Down 5.3% – What’s Next?

Shares of Yara International ASA (OTCMKTS:YARIY) traded down 5.3% during mid-day trading on Tuesday . The company traded as low as $22.32 and last traded at $22.41. Approximately 1,409 shares were traded during mid-day trading, a decline of 96% from the average session volume of 35,822 shares. The stock had previously closed at $23.67.

Analysts Set New Price Targets

Several brokerages have weighed in on YARIY. Pareto Securities raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Jefferies Financial Group cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Yara International ASA presently has a consensus rating of “Buy”.

Yara International ASA Trading Down 2.2%

The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 7.43 and a beta of 0.56. The firm has a 50-day moving average price of $23.89 and a 200-day moving average price of $25.54. The company has a current ratio of 1.79, a quick ratio of 1.02 and a debt-to-equity ratio of 0.31.

Yara International ASA Company Profile

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.