Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Still a Buy?

Shares of Yara International ASA (OTCMKTS:YARIY) gapped up before the market opened on Tuesday . The stock had previously closed at $25.21, but opened at $26.53. Yara International ASA shares last traded at $26.45, with a volume of 12,846 shares.

Wall Street Analysts Forecast Growth

YARIY has been the subject of a number of recent analyst reports. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Rothschild & Co Redburn upgraded shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Arctic Securiti upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Yara International ASA presently has a consensus rating of “Buy”.

Yara International ASA Trading Up 6.3%

The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 9.96 and a beta of 0.71. The business has a fifty day moving average of $24.27 and a two-hundred day moving average of $20.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 1.72.

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.