Ajinomoto (OTCMKTS:AJINY) Shares Gap Up – Should You Buy?

Shares of Ajinomoto Co. (OTCMKTS:AJINY) gapped up prior to trading on Thursday . The stock had previously closed at $22.94, but opened at $24.4250. Ajinomoto shares last traded at $24.3740, with a volume of 54,154 shares trading hands.

Ajinomoto Stock Up 6.9%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 0.88. The company has a market cap of $26.63 billion, a PE ratio of 35.63 and a beta of 0.54. The firm has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $25.34.

Ajinomoto (OTCMKTS:AJINY) last released its 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 for 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.