Ajinomoto (OTCMKTS:AJINY) Shares Pass Below 200 Day Moving Average - Here's Why

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Ajinomoto Stock Performance

The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 19.10 and a beta of 0.43. The company has a fifty day moving average price of $28.53 and a 200-day moving average price of $36.52. 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

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.