Ajinomoto (OTCMKTS:AJINY) Shares Gap Up – Still a Buy?

Shares of Ajinomoto Co. (OTCMKTS:AJINY) gapped up before the market opened on Friday . The stock had previously closed at $21.01, but opened at $21.96. Ajinomoto shares last traded at $21.20, with a volume of 8,939 shares trading hands.

Ajinomoto Stock Performance

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 50-day simple moving average is $23.56 and its two-hundred day simple moving average is $26.08. The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 28.16 and a beta of 0.53.

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

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.