Ajinomoto (OTCMKTS:AJINY) Reaches New 52-Week High – Still a Buy?

Ajinomoto Co. (OTCMKTS:AJINY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.8150 and last traded at $30.19, with a volume of 20891 shares. The stock had previously closed at $28.3040.

Ajinomoto Stock Up 3.9%

The firm has a fifty day moving average price of $22.76 and a 200 day moving average price of $25.40. The firm has a market capitalization of $29.62 billion, a price-to-earnings ratio of 36.49 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53.

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.