Yara International ASA (OTCMKTS:YARIY) Trading Down 5.3% – Here’s What Happened

Shares of Yara International ASA (OTCMKTS:YARIY) fell 5.3% during mid-day trading on Tuesday . The company traded as low as $22.32 and last traded at $22.41. 1,409 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 35,822 shares. The stock had previously closed at $23.67.

Analyst Upgrades and Downgrades

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

Yara International ASA Stock Performance

The firm’s 50 day moving average price is $23.68 and its two-hundred day moving average price is $25.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.78. The firm has a market cap of $11.34 billion, a PE ratio of 7.40 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.