Ajinomoto (OTCMKTS:AJINY) Sets New 52-Week High - Should You Buy?

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $24.47 and last traded at $24.47, with a volume of 20090 shares trading hands. The stock had previously closed at $23.64.

Analyst Ratings Changes

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

Ajinomoto Stock Performance

The stock's 50-day moving average price is $25.47 and its 200-day moving average price is $35.54. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $24.79 billion, a P/E ratio of 20.73 and a beta of 0.43.

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.