Ajinomoto (OTCMKTS:AJINY) Shares Gap Down – Should You Sell?

Ajinomoto Co. (OTCMKTS:AJINY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $23.2450, but opened at $21.71. Ajinomoto shares last traded at $21.71, with a volume of 275,021 shares traded.

Ajinomoto Stock Performance

The company has a market cap of $21.68 billion, a price-to-earnings ratio of 29.00 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 1.62. The stock’s fifty day simple moving average is $25.79 and its two-hundred day simple moving average is $26.53.

Ajinomoto (OTCMKTS:AJINY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.66 billion.

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.