Yara International ASA (OTCMKTS:YARIY) Trading 3.3% Higher - Here's What Happened

Yara International ASA (OTCMKTS:YARIY - Get Free Report)'s share price was up 3.3% during mid-day trading on Tuesday . The company traded as high as $19.17 and last traded at $19.17. Approximately 26,710 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 15,074 shares. The stock had previously closed at $18.56.

Wall Street Analyst Weigh In

Several brokerages recently commented on YARIY. Kepler Capital Markets raised shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. BNP Paribas raised shares of Yara International ASA to a "strong-buy" rating in a research note on Wednesday, April 9th.

Yara International ASA Price Performance

The company has a 50 day simple moving average of $18.23 and a 200 day simple moving average of $15.88. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 33.30 and a beta of 0.93. The company has a quick ratio of 0.96, a current ratio of 1.90 and a debt-to-equity ratio of 0.46.

Yara International ASA Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.1846 per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, June 2nd. Yara International ASA's payout ratio is currently 29.82%.

About Yara International ASA

Yara International ASA provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand. The company offers ammonium- and urea-based fertilizers; compound fertilizers that contain nutrients, such as nitrogen, phosphorus, and potassium; coatings; biostimulants; organic-based fertilizers; green fertilizers are nitrate-based mineral fertilizers, as well as foliar and fertigation solutions; and nitrate, calcium nitrate, micronutrient, and fertigation and urea fertilizers.