Yara International ASA (OTCMKTS:YARIY) Stock Price Down 5.3% – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY) fell 5.3% on Tuesday . The company traded as low as $22.32 and last traded at $22.41. 1,409 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 35,822 shares. The stock had previously closed at $23.67.

Analysts Set New Price Targets

A number of equities analysts have commented on YARIY shares. 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 cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Pareto Securities upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Zacks Research raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yara International ASA has an average rating of “Buy”.

Yara International ASA Stock Down 2.2%

The company has a quick ratio of 1.02, a current ratio of 1.79 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $23.89 and its 200 day moving average price is $25.54. The firm has a market cap of $11.39 billion, a P/E ratio of 7.43 and a beta of 0.56.

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.