Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Time to Buy?

Yara International ASA (OTCMKTS:YARIY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $23.53, but opened at $24.44. Yara International ASA shares last traded at $24.60, with a volume of 1,341 shares changing hands.

Wall Street Analysts Forecast Growth

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

Yara International ASA Trading Down 1.8%

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 business’s fifty day simple moving average is $22.95 and its 200 day simple moving average is $25.63. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 7.98 and a beta of 0.56.

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.