Yara International ASA (OTCMKTS:YARIY) Reaches New 1-Year High – Here’s Why

Yara International ASA (OTCMKTS:YARIY) shares reached a new 52-week high on Wednesday . The company traded as high as $21.20 and last traded at $21.1525, with a volume of 12674 shares changing hands. The stock had previously closed at $20.78.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on YARIY. Pareto Securities raised Yara International ASA to a “hold” rating in a report on Friday, October 3rd. Jefferies Financial Group raised shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. 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. Finally, Zacks Research lowered shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Yara International ASA Price Performance

The stock’s fifty day moving average price is $19.49 and its 200-day moving average price is $18.89. The firm has a market cap of $10.79 billion, a PE ratio of 14.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.86.

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.