Yara International ASA (OTCMKTS:YARIY) Reaches New 52-Week High – What’s Next?

Yara International ASA (OTCMKTS:YARIY)’s stock price reached a new 52-week high on Friday . The company traded as high as $23.53 and last traded at $23.53, with a volume of 4161 shares trading hands. The stock had previously closed at $23.0620.

Analysts Set New Price Targets

A number of brokerages have issued reports on YARIY. Arctic Securiti raised shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Jefferies Financial Group upgraded shares of Yara International ASA from a “moderate sell” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Rothschild & Co Redburn upgraded Yara International ASA from a “strong sell” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Yara International ASA Stock Up 2.4%

The company’s fifty day moving average price is $20.69 and its 200-day moving average price is $19.23. The stock has a market capitalization of $12.03 billion, a PE ratio of 16.29 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.35.

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.