Yara International ASA (OTCMKTS:YARIY) Shares Gap Down - Here's What Happened

Key Points

• Yara International's shares gapped down, opening at $29.11 vs. the prior close of $30.2250 and last trading at $29.1420, down about 4.7% on a volume of 10,523 shares.
• Several brokerages (including Pareto, Arctic Securities and Zacks) recently upgraded YARIY and the MarketBeat consensus rating is Strong Buy (five Strong Buy, one Hold).
• The company has a market cap of $14.68 billion, a P/E of 10.71, a low beta (0.59) and conservative leverage metrics (current ratio 1.72, debt-to-equity 0.31), reflecting solid fundamentals for its fertilizer business.

Yara International ASA (OTCMKTS:YARIY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $30.2250, but opened at $29.11. Yara International ASA shares last traded at $29.1420, with a volume of 10,523 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YARIY. Pareto Securities raised shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Arctic Securiti upgraded shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Rothschild & Co Redburn upgraded shares of Yara International ASA from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Five research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Yara International ASA Trading Down 4.7%

The company has a market cap of $14.68 billion, a price-to-earnings ratio of 10.71 and a beta of 0.59. The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 0.31. The company's 50-day moving average is $26.36 and its 200 day moving average is $21.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.