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

Shares of Yara International ASA (OTCMKTS:YARIY) passed below its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Analyst Upgrades and Downgrades

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

Yara International ASA Trading Down 0.4%

The company’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $25.56. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 7.40 and a beta of 0.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 1.02.

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.