Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $26.68, but opened at $28.00. Yara International ASA shares last traded at $28.4950, with a volume of 11,845 shares changing hands.

Wall Street Analysts Forecast Growth

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

Yara International ASA Stock Up 7.6%

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 stock has a market capitalization of $14.62 billion, a P/E ratio of 10.67 and a beta of 0.71. The firm has a 50 day moving average of $22.98 and a 200-day moving average of $20.22.

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.