Ajinomoto (OTCMKTS:AJINY) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Shares of Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.89 and traded as low as $20.43. Ajinomoto shares last traded at $20.44, with a volume of 80,641 shares.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th.

Ajinomoto Stock Performance

The firm has a 50 day moving average price of $36.63 and a 200-day moving average price of $39.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.93. The company has a market cap of $20.74 billion, a P/E ratio of 17.34 and a beta of 0.32.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.42 EPS for the quarter. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

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.