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Ajinomoto (OTCMKTS:AJINY) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Ajinomoto logo with Consumer Staples background

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.65 and traded as low as $22.71. Ajinomoto shares last traded at $22.79, with a volume of 23,990 shares.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Ajinomoto

Ajinomoto Stock Down 0.9%

The company has a market capitalization of $22.64 billion, a price-to-earnings ratio of 18.93 and a beta of 0.43. The firm's 50 day simple moving average is $27.80 and its 200-day simple moving average is $36.33. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50.

Ajinomoto Company Profile

(Get Free Report)

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.

Further Reading

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