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

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $25.84 and last traded at $25.32, with a volume of 20896 shares. The stock had previously closed at $25.24.

Wall Street Analyst Weigh In

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

Ajinomoto Trading Down 1.3%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.93. The company's fifty day moving average is $24.28 and its two-hundred day moving average is $35.20. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 20.83 and a beta of 0.43.

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.