Ajinomoto (OTCMKTS:AJINY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Ajinomoto Co., Inc. (OTCMKTS:AJINY) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $37.89 and traded as low as $20.43. Ajinomoto shares last traded at $20.44, with a volume of 80,641 shares.

Analyst Ratings Changes

Separately, Citigroup raised shares of Ajinomoto to a “strong-buy” rating in a report on Friday, April 4th.

Ajinomoto Stock Performance

The company has a market capitalization of $20.37 billion, a PE ratio of 17.03 and a beta of 0.32. The firm has a 50-day moving average of $37.89 and a two-hundred day moving average of $39.41. The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.50.

Ajinomoto (OTCMKTS:AJINY) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.42 EPS for the quarter. Ajinomoto had a return on equity of 10.45% and a net margin of 6.02%.

Ajinomoto Company Profile

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.