Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – What’s Next?

Yara International ASA (OTCMKTS:YARIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $22.13, but opened at $23.04. Yara International ASA shares last traded at $22.95, with a volume of 1,276 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on YARIY. Citigroup lowered shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Pareto Securities raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Yara International ASA Stock Performance

The company has a 50-day moving average of $25.79 and a 200-day moving average of $25.18. The company has a market cap of $11.57 billion, a PE ratio of 8.26 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.79 and a debt-to-equity ratio of 0.31.

Yara International ASA (OTCMKTS:YARIY) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Yara International ASA had a return on equity of 23.06% and a net margin of 8.58%.The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.95 billion. As a group, analysts anticipate that Yara International ASA will post 3.33 earnings per share for the current year.

Yara International ASA Company Profile

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.