Yara International ASA (OTCMKTS:YARIY) Shares Gap Down – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY) gapped down before the market opened on Wednesday . The stock had previously closed at $30.92, but opened at $28.04. Yara International ASA shares last traded at $28.12, with a volume of 18,025 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on YARIY shares. Pareto Securities upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Arctic Securiti upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Rothschild & Co Redburn upgraded Yara International ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Six investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Yara International ASA presently has an average rating of “Strong Buy”.

Yara International ASA Price Performance

The company has a 50 day moving average price of $25.85 and a 200 day moving average price of $21.57. The firm has a market cap of $14.44 billion, a PE ratio of 10.54 and a beta of 0.59. The company has a current ratio of 1.72, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.

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.