Yara International ASA (OTCMKTS:YARIY) Reaches New 52-Week High – Still a Buy?

Yara International ASA (OTCMKTS:YARIY) shares reached a new 52-week high on Monday . The stock traded as high as $25.81 and last traded at $25.68, with a volume of 6144 shares. The stock had previously closed at $25.5080.

Wall Street Analysts Forecast Growth

Several research firms have commented on YARIY. Zacks Research raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group raised shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a report 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, Rothschild & Co Redburn raised shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Yara International ASA Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 0.31. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 9.51 and a beta of 0.71. The company has a 50 day simple moving average of $22.86 and a 200 day simple moving average of $20.17.

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.