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

Yara International ASA (OTCMKTS:YARIY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $24.61 and last traded at $24.61, with a volume of 19722 shares traded. The stock had previously closed at $24.3440.

Wall Street Analysts Forecast Growth

YARIY has been the subject of a number of analyst reports. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Arctic Securiti upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Rothschild & Co Redburn upgraded shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group raised shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Yara International ASA currently has a consensus rating of “Buy”.

Yara International ASA Price Performance

The firm has a fifty day moving average of $22.19 and a 200 day moving average of $19.81. The company has a current ratio of 1.73, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $12.87 billion, a P/E ratio of 9.39 and a beta of 0.73.

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.