Ajinomoto (OTCMKTS:AJINY) Shares Gap Down - Should You Sell?

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.

Shares of Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AJINY. CLSA raised shares of Ajinomoto to a "strong-buy" rating in a report on Wednesday, May 28th. Nomura Securities upgraded shares of Ajinomoto to a "hold" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy".

Ajinomoto Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.54. The stock has a market cap of $28.37 billion, a P/E ratio of 47.43 and a beta of 0.52. The company's 50 day moving average price is $27.46 and its 200-day moving average price is $27.87.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.69 billion. 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.