Ajinomoto (OTCMKTS:AJINY) Shares Gap Up - Still a Buy?

Shares of Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.29, but opened at $26.08. Ajinomoto shares last traded at $25.70, with a volume of 5,751 shares.

Analyst Ratings Changes

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

Ajinomoto Price Performance

The firm's fifty day moving average price is $22.86 and its 200-day moving average price is $33.93. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.02 billion, a P/E ratio of 41.83 and a beta of 0.52.

About Ajinomoto

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.