Ajinomoto (OTCMKTS:AJINY) Cut to “Hold” at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Ajinomoto (OTCMKTS:AJINY) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Ajinomoto Stock Down 3.2%

Shares of AJINY opened at $28.34 on Tuesday. Ajinomoto has a 1 year low of $16.50 and a 1 year high of $32.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.51 and a quick ratio of 0.89. The stock has a 50 day simple moving average of $25.03 and a two-hundred day simple moving average of $25.72. The firm has a market cap of $27.71 billion, a P/E ratio of 34.14 and a beta of 0.50.

About Ajinomoto

Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.

Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.