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

Yara International ASA (OTCMKTS:YARIY) saw strong trading volume on Friday . 45,966 shares changed hands during trading, an increase of 98% from the previous session’s volume of 23,259 shares.The stock last traded at $29.1399 and had previously closed at $28.85.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Rothschild & Co Redburn upgraded Yara International ASA from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Arctic Securiti upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Five equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Yara International ASA Price Performance

The company’s 50-day moving average price is $23.15 and its 200-day moving average price is $20.28. The company has a market cap of $14.81 billion, a P/E ratio of 10.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.72 and a quick ratio of 0.89.

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.