Ajinomoto (OTCMKTS:AJINY) Hits New 12-Month High - Here's Why

Key Points

• Ajinomoto Co. reached a new **52-week high** of **$28.38**, with its latest trade at **$28.07** and a trading volume of **4,132** shares.
• Analysts have raised the stock's ratings, with **Nomura Securities** rating it as a "hold" and **CLSA** giving it a "strong-buy," contributing to an average rating of **"Buy"** by MarketBeat.
• The company reported **$0.23 earnings per share**, surpassing the expected **$0.21**, although it reported lower revenue at **$2.47 billion** compared to the projected **$2.69 billion**.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $28.38 and last traded at $28.07, with a volume of 4132 shares traded. The stock had previously closed at $27.33.

Analyst Ratings Changes

Several research analysts have recently weighed in on AJINY shares. Nomura Securities raised shares of Ajinomoto to a "hold" rating in a research report on Tuesday, May 27th. CLSA raised shares of Ajinomoto to a "strong-buy" rating in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy".

Ajinomoto Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 0.93. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 47.57 and a beta of 0.52. The stock's 50 day simple moving average is $27.05 and its 200-day simple moving average is $28.54.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm 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.