Ajinomoto (OTCMKTS:AJINY) Reaches New 12-Month High - Still a Buy?

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $27.32 and last traded at $27.27, with a volume of 5574 shares. The stock had previously closed at $26.53.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AJINY shares. Nomura Securities upgraded Ajinomoto to a "hold" rating in a report on Tuesday, May 27th. Citigroup raised Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th. Finally, CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a report on Wednesday, May 28th.

Ajinomoto Trading Up 0.2%

The firm has a 50-day moving average of $23.41 and a 200 day moving average of $33.27. The company has a market cap of $26.91 billion, a P/E ratio of 44.99 and a beta of 0.52. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51.

Ajinomoto Company Profile

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.