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

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $26.45, but opened at $25.82. Ajinomoto shares last traded at $26.83, with a volume of 8,622 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on AJINY. CLSA raised Ajinomoto to a "strong-buy" rating in a research note on Wednesday, May 28th. Citigroup raised Ajinomoto to a "strong-buy" rating in a report on Friday, April 4th. Finally, Nomura Securities raised Ajinomoto to a "hold" rating in a report on Tuesday, May 27th.

Ajinomoto Price Performance

The company has a fifty day moving average of $25.24 and a 200-day moving average of $31.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.82 and a quick ratio of 1.08. The firm has a market cap of $26.67 billion, a P/E ratio of 44.60 and a beta of 0.53.

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.