Ajinomoto (OTCMKTS:AJINY – Get Free Report) was downgraded by equities researchers at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.
Ajinomoto Stock Down 5.6%
Shares of Ajinomoto stock opened at $29.45 on Tuesday. The company has a market capitalization of $28.79 billion, a P/E ratio of 35.48 and a beta of 0.50. 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 business has a 50-day moving average of $24.74 and a two-hundred day moving average of $25.68. Ajinomoto has a 1 year low of $16.50 and a 1 year high of $32.89.
About Ajinomoto
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.
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