Yara International ASA (OTCMKTS:YARIY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.27 and traded as low as $22.20. Yara International ASA shares last traded at $22.24, with a volume of 63,092 shares traded.

Analyst Upgrades and Downgrades

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

Yara International ASA Trading Down 0.6%

The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 7.33 and a beta of 0.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 0.83. The company’s fifty day moving average price is $23.06 and its 200-day moving average price is $25.61.

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.