Yara International ASA (OTCMKTS:YARIY) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.27 and traded as low as $22.20. Yara International ASA shares last traded at $22.24, with a volume of 63,092 shares.

Wall Street Analysts Forecast Growth

YARIY has been the subject of several recent research reports. Jefferies Financial Group lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Yara International ASA currently has an average rating of “Buy”.

Yara International ASA Trading Down 1.5%

The stock’s 50 day moving average price is $23.27 and its 200-day moving average price is $25.60. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11.33 billion, a PE ratio of 7.39 and a beta of 0.56.

Yara International ASA Company Profile

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.