Ajinomoto (OTCMKTS:AJINY) Sees Large Volume Increase - Still a Buy?

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) saw an uptick in trading volume on Friday . 66,270 shares were traded during mid-day trading, an increase of 40% from the previous session's volume of 47,500 shares.The stock last traded at $25.21 and had previously closed at $25.50.

Analyst Ratings Changes

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

Ajinomoto Stock Up 1.3%

The company has a market capitalization of $25.35 billion, a PE ratio of 42.38 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. The business has a fifty day moving average of $22.86 and a 200 day moving average of $33.87.

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.