Ajinomoto (OTCMKTS:AJINY) Hits New 1-Year High - Here's Why

Key Points

• Shares of Ajinomoto Co. reached a new 52-week high of $30.49 during mid-day trading, closing at $29.99 with a trading volume of 8,174 shares.
• Equities research analysts have upgraded Ajinomoto's stock rating, with Nomura Securities issuing a "hold" rating and CLSA providing a "strong-buy" rating, contributing to an overall average rating of "Buy."
• In its latest earnings report, Ajinomoto exceeded consensus earnings expectations with $0.23 EPS, although revenue of $2.47 billion fell short of analysts' forecast of $2.69 billion.

Shares of Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.49 and last traded at $29.99, with a volume of 8174 shares traded. The stock had previously closed at $29.16.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AJINY shares. Nomura Securities upgraded shares of Ajinomoto to a "hold" rating in a report on Tuesday, May 27th. CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Ajinomoto presently has an average rating of "Buy".

Ajinomoto Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.59. The company has a market capitalization of $29.30 billion, a P/E ratio of 49.00 and a beta of 0.52. The business's fifty day simple moving average is $27.52 and its 200-day simple moving average is $27.59.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.69 billion. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

About Ajinomoto

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.