Ajinomoto (OTCMKTS:AJINY) Sees Large Volume Increase – Time to Buy?

Shares of Ajinomoto Co. (OTCMKTS:AJINYGet Free Report) saw strong trading volume on Friday . 66,270 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 47,500 shares.The stock last traded at $25.21 and had previously closed at $25.50.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Ajinomoto

Ajinomoto Stock Down 1.6%

The stock has a fifty day moving average of $22.86 and a 200 day moving average of $33.93. 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 capitalization of $25.02 billion, a P/E ratio of 41.83 and a beta of 0.52.

About Ajinomoto

(Get Free Report)

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.

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