Yara International ASA (OTCMKTS:YARIY) Sees Large Volume Increase – Here’s Why

Yara International ASA (OTCMKTS:YARIY) saw strong trading volume on Wednesday . 42,894 shares traded hands during trading, an increase of 28% from the previous session’s volume of 33,617 shares.The stock last traded at $24.7850 and had previously closed at $25.00.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Pareto Securities upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Five investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Yara International ASA Stock Down 0.9%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79. The firm has a market cap of $12.63 billion, a PE ratio of 9.01 and a beta of 0.53. The stock has a fifty day moving average price of $28.50 and a 200-day moving average price of $24.56.

Yara International ASA (OTCMKTS:YARIY) last issued its earnings results on Friday, April 24th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.95 billion. Research analysts expect that Yara International ASA will post 3.33 EPS for the current 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.