Ajinomoto (OTCMKTS:AJINY) Sees Strong Trading Volume – Should You Buy?

Shares of Ajinomoto Co. (OTCMKTS:AJINY) saw strong trading volume on Thursday . 237,367 shares changed hands during mid-day trading, an increase of 478% from the previous session’s volume of 41,090 shares.The stock last traded at $21.31 and had previously closed at $21.83.

Ajinomoto Stock Performance

The firm has a market cap of $21.35 billion, a P/E ratio of 28.56 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 1.62. The stock’s 50-day moving average is $25.38 and its 200 day moving average is $26.44.

Ajinomoto (OTCMKTS:AJINY) last posted its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.66 billion.

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.