Ajinomoto (OTCMKTS:AJINY) Releases Quarterly Earnings Results

Ajinomoto (OTCMKTS:AJINY) released its earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, Zacks reports.

Ajinomoto Stock Up 8.5%

Shares of OTCMKTS AJINY traded up $1.95 during mid-day trading on Thursday, reaching $24.89. 64,717 shares of the company’s stock traded hands, compared to its average volume of 62,667. Ajinomoto has a 1-year low of $16.50 and a 1-year high of $30.49. The stock has a market cap of $24.81 billion, a P/E ratio of 33.19 and a beta of 0.54. 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 business has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $25.35.

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.