Yara International ASA (OTCMKTS:YARIY) Sees Large Volume Increase – Still a Buy?

Yara International ASA (OTCMKTS:YARIY) shares saw strong trading volume on Tuesday . 89,409 shares were traded during mid-day trading, an increase of 314% from the previous session’s volume of 21,616 shares.The stock last traded at $23.11 and had previously closed at $22.80.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Arctic Securiti raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Jefferies Financial Group raised shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Yara International ASA Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 15.93 and a beta of 0.73. The stock’s 50 day moving average price is $20.27 and its two-hundred day moving average price is $19.11.

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.