Yara International ASA (OTCMKTS:YARIY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Yara International ASA (OTCMKTS:YARIY) 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Zacks Research upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Pareto Securities upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Yara International ASA Stock Down 3.5%

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

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.