Ajinomoto (OTCMKTS:AJINY) Rating Increased to Hold at Nomura Securities

Nomura Securities upgraded shares of Ajinomoto (OTCMKTS:AJINY - Free Report) to a hold rating in a research report released on Tuesday,Zacks.com reports.

Separately, Citigroup raised Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th.

Ajinomoto Stock Performance

AJINY traded down $0.13 during trading on Tuesday, reaching $24.87. The company's stock had a trading volume of 14,924 shares, compared to its average volume of 50,748. Ajinomoto has a 52-week low of $16.50 and a 52-week high of $25.69. The company's fifty day moving average price is $25.47 and its 200-day moving average price is $35.57. The company has a market capitalization of $24.79 billion, a price-to-earnings ratio of 20.73 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.93.

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.