Yara International ASA (OTCMKTS:YARIY) Shares Pass Below 50-Day Moving Average – Here’s Why

Yara International ASA (OTCMKTS:YARIY)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $28.63 and traded as low as $28.53. Yara International ASA shares last traded at $28.58, with a volume of 10,595 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on YARIY shares. Rothschild & Co Redburn upgraded Yara International ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Citigroup downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Pareto Securities upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Five research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Yara International ASA Price Performance

The company has a current ratio of 1.79, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a market cap of $14.44 billion, a PE ratio of 10.31 and a beta of 0.56. The company has a fifty day moving average of $28.73 and a 200-day moving average of $23.79.

Yara International ASA (OTCMKTS:YARIY) last issued its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.95 billion. Sell-side analysts expect that Yara International ASA will post 3.33 EPS for the current fiscal year.

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.