Yara International ASA (OTCMKTS:YARIY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Yara International ASA (OTCMKTS:YARIYGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.89 and traded as low as $22.73. Yara International ASA shares last traded at $22.85, with a volume of 21,495 shares trading hands.

Wall Street Analysts Forecast Growth

YARIY has been the topic of several research reports. Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Jefferies Financial Group cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup downgraded shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Pareto Securities raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on YARIY

Yara International ASA Stock Performance

The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 7.59 and a beta of 0.56. The stock’s 50 day moving average price is $23.89 and its 200 day moving average price is $25.54. The company has a current ratio of 1.79, a quick ratio of 1.02 and a debt-to-equity ratio of 0.31.

Yara International ASA Company Profile

(Get Free Report)

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.

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