Sanford C. Bernstein Downgrades Ajinomoto (OTCMKTS:AJINY) to Hold

Ajinomoto (OTCMKTS:AJINY) was downgraded by equities research analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Ajinomoto Stock Performance

Shares of AJINY stock opened at $29.29 on Tuesday. Ajinomoto has a 12-month low of $16.50 and a 12-month high of $32.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.51 and a quick ratio of 0.89. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 35.29 and a beta of 0.50. The business has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $25.70.

Ajinomoto Company Profile

Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.

Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.