Ajinomoto (OTCMKTS:AJINY) Sees Strong Trading Volume - What's Next?

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) shares saw strong trading volume on Friday . 66,270 shares changed hands 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

AJINY has been the topic of a number of analyst reports. CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a research report on Wednesday, May 28th. Nomura Securities upgraded Ajinomoto to a "hold" rating in a report on Tuesday, May 27th. Finally, Citigroup raised Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th.

Ajinomoto Trading Down 1.7%

The firm's 50 day simple moving average is $22.75 and its 200-day simple moving average is $34.11. The company has a market capitalization of $24.98 billion, a PE ratio of 41.77 and a beta of 0.52. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.51.

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.

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