Yara International ASA (OTCMKTS:YARIY) Hits New 1-Year High – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $29.45 and last traded at $29.38, with a volume of 4508 shares traded. The stock had previously closed at $28.99.

Analysts Set New Price Targets

Several brokerages recently issued reports on YARIY. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Arctic Securiti upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Rothschild & Co Redburn upgraded Yara International ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Yara International ASA Stock Up 1.3%

The firm’s 50-day moving average price is $23.65 and its 200 day moving average price is $20.53. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 10.92 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.72 and a quick ratio of 0.89.

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.