Yara International ASA (OTCMKTS:YARIY) Sees Large Volume Increase – Still a Buy?

Yara International ASA (OTCMKTS:YARIY) shares saw an uptick in trading volume on Friday . 58,997 shares traded hands during mid-day trading, an increase of 194% from the previous session’s volume of 20,036 shares.The stock last traded at $25.1490 and had previously closed at $24.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on YARIY shares. Rothschild & Co Redburn upgraded shares of Yara International ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Arctic Securiti upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group upgraded shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Yara International ASA Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.86. The firm has a market capitalization of $12.84 billion, a PE ratio of 9.37 and a beta of 0.73. The company has a 50-day moving average price of $22.08 and a 200-day moving average price of $19.76.

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.