Yara International ASA (OTCMKTS:YARIY) Shares Gap Down – Here’s Why

Yara International ASA (OTCMKTS:YARIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $28.80, but opened at $25.99. Yara International ASA shares last traded at $25.72, with a volume of 3,106 shares traded.

Analysts Set New Price Targets

YARIY has been the subject of several analyst reports. Rothschild & Co Redburn raised shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. 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, Arctic Securiti upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Five investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Yara International ASA currently has an average rating of “Buy”.

Yara International ASA Price Performance

The stock has a fifty day moving average of $24.40 and a 200-day moving average of $20.85. The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $13.62 billion, a P/E ratio of 9.94 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.