Yara International ASA (OTCMKTS:YARIY) Sees Large Volume Increase – Here’s Why

Shares of Yara International ASA (OTCMKTS:YARIY) saw strong trading volume on Wednesday . Approximately 55,931 shares were traded during mid-day trading, an increase of 56% from the previous session’s volume of 35,786 shares.The stock last traded at $24.38 and had previously closed at $24.45.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YARIY. Zacks Research upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Citigroup lowered shares of 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 research report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Yara International ASA Price Performance

The stock has a market capitalization of $11.99 billion, a P/E ratio of 7.82 and a beta of 0.56. The business has a fifty day simple moving average of $22.84 and a 200 day simple moving average of $25.63. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31.

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.