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

Key Points

• Ajinomoto Co. shares gapped down from a previous close of $28.02 to an opening price of $26.58, reflecting a 0.8% decline in values.
• The company reported earnings of $0.23 per share, surpassing estimates but generated revenue of $2.47 billion, which fell short of the predicted $2.69 billion.
• Ajinomoto has a market capitalization of $27.64 billion and a price-to-earnings ratio of 46.23, indicating its position within the competitive food industry.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $28.02, but opened at $26.58. Ajinomoto shares last traded at $26.58, with a volume of 142 shares changing hands.

Ajinomoto Stock Down 0.8%

The firm has a 50 day moving average price of $28.15 and a two-hundred day moving average price of $25.85. 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 company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 46.23 and a beta of 0.56.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.