Yara International ASA (OTCMKTS:YARIY) Sees Strong Trading Volume – Time to Buy?

Yara International ASA (OTCMKTS:YARIY) saw unusually-strong trading volume on Thursday . 54,486 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 35,298 shares.The stock last traded at $23.25 and had previously closed at $23.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Yara International ASA presently has a consensus rating of “Buy”.

Yara International ASA Price Performance

The stock has a market cap of $12.38 billion, a PE ratio of 8.07 and a beta of 0.56. The business has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $25.59. The company has a current ratio of 1.78, a quick ratio of 0.83 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.