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

Shares of Yara International ASA (OTCMKTS:YARIY) saw strong trading volume on Thursday. 123,919 shares changed hands during mid-day trading, an increase of 250% from the previous session’s volume of 35,420 shares. The stock last traded at $21.3410 and had previously closed at $21.60.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YARIY. Zacks Research cut shares of Yara International ASA from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. Barclays upgraded shares of Yara International ASA to a “strong sell” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Yara International ASA presently has a consensus rating of “Hold”.

Yara International ASA Stock Up 0.7%

The firm has a market capitalization of $10.96 billion, a PE ratio of 7.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 0.83. The company has a 50-day moving average price of $23.14 and a 200 day moving average price of $24.74.

Yara International ASA (OTCMKTS:YARIY) last released its earnings results on Thursday, October 22nd. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.11). The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Yara International ASA had a return on equity of 15.44% and a net margin of 8.20%. Analysts forecast that Yara International ASA will post 3.07 earnings per share for the current year.

About Yara International ASA

Yara International ASA is a Norway-based global fertilizer and crop nutrition company. Its business focuses on improving agricultural productivity through the production and distribution of nitrogen-based fertilizers, crop nutrition products and related agricultural solutions.

The company’s product portfolio includes ammonia, urea, nitrates, compound and specialty fertilizers, as well as industrial nitrogen products. Yara also provides agronomic guidance and digital tools intended to help farmers improve nutrient management, crop yields and environmental performance.

Yara serves agricultural and industrial customers across a broad international market, with operations, production facilities and sales activities spanning Europe, the Americas, Africa and other regions.