Yara International ASA (OTCMKTS:YARIY) Hits New 52-Week High - Here's What Happened

Key Points

• Shares of Yara International (OTCMKTS:YARIY) hit a new 52-week high of $30.67 on Tuesday, trading up about 6.8% from a prior close of $28.90 on volume of 4,310 shares.
• Several analysts have recently upgraded the stock — including Zacks and Arctic Securities to "strong-buy" and Rothschild & Co Redburn to "hold" — leaving a MarketBeat consensus rating of Buy (five Strong Buy, two Hold).
• Yara is a Norway-based fertilizer and nitrogen-crop nutrition company with a market cap of $15.73 billion, a P/E of 11.48 and a low beta (0.59), reflecting relatively stable stock movement versus the market.

Shares of Yara International ASA (OTCMKTS:YARIY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $30.67 and last traded at $30.67, with a volume of 4310 shares trading hands. The stock had previously closed at $28.90.

Wall Street Analyst Weigh In

YARIY has been the subject of several analyst reports. Zacks Research upgraded shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Arctic Securiti upgraded Yara International ASA from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Finally, Rothschild & Co Redburn upgraded Yara International ASA from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Yara International ASA Trading Up 6.8%

The firm has a market cap of $15.73 billion, a P/E ratio of 11.48 and a beta of 0.59. The business's 50 day moving average is $25.69 and its 200-day moving average is $21.48. The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 0.31.

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.

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