Ajinomoto (OTCMKTS:AJINY) Share Price Passes Below Fifty Day Moving Average - Here's Why

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $35.42 and traded as low as $20.67. Ajinomoto shares last traded at $20.69, with a volume of 34,430 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th.

Ajinomoto Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.16. The firm has a market cap of $20.23 billion, a PE ratio of 16.91 and a beta of 0.32. The business has a 50-day simple moving average of $34.18 and a 200 day simple moving average of $38.25.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.42 earnings per share for the quarter. Ajinomoto had a return on equity of 10.45% and a net margin of 6.02%.

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.