Yara International ASA (OTCMKTS:YARIY) Sees Strong Trading Volume – Should You Buy?

Shares of Yara International ASA (OTCMKTS:YARIY) saw strong trading volume on Wednesday . Approximately 55,931 shares were traded during trading, an increase of 56% from the previous session’s volume of 35,786 shares.The stock last traded at $24.38 and had previously closed at $24.45.

Wall Street Analyst Weigh In

YARIY has been the topic of a number of recent research reports. Jefferies Financial Group lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Yara International ASA Stock Down 0.1%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.83 and a current ratio of 1.78. The stock has a market cap of $12.44 billion, a P/E ratio of 8.11 and a beta of 0.56. The stock’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $25.63.

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.