Ajinomoto (OTCMKTS:AJINY) Shares Gap Down - Here's What Happened

Key Points

• Ajinomoto shares gapped down to $27.73 after closing at $28.83, with a trading volume of 132 shares.
• Recent analyst ratings have been favorable, with Nomura Securities upgrading to "hold" and CLSA to "strong-buy", resulting in a consensus rating of "Buy".
• Ajinomoto reported earnings of $0.23 per share, exceeding estimates, although its revenue of $2.47 billion fell short of the consensus expectation of $2.69 billion.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $28.83, but opened at $27.73. Ajinomoto shares last traded at $27.73, with a volume of 132 shares traded.

Wall Street Analysts Forecast Growth

AJINY has been the topic of a number of analyst reports. Nomura Securities upgraded shares of Ajinomoto to a "hold" rating in a report on Tuesday, May 27th. CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a report on Wednesday, May 28th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Ajinomoto presently has a consensus rating of "Buy".

Ajinomoto Stock Up 0.2%

The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The stock's 50-day simple moving average is $27.27 and its 200-day simple moving average is $28.10. The firm has a market capitalization of $28.80 billion, a P/E ratio of 48.16 and a beta of 0.52.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.69 billion.

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.

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