Ajinomoto (OTCMKTS:AJINY) Shares Down 4.9% – Here’s Why

Ajinomoto Co. (OTCMKTS:AJINY) shares traded down 4.9% on Wednesday . The stock traded as low as $20.5801 and last traded at $20.5801. 299 shares traded hands during trading, a decline of 99% from the average session volume of 43,054 shares. The stock had previously closed at $21.63.

Ajinomoto Stock Performance

The business’s fifty day moving average price is $25.10 and its 200-day moving average price is $26.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 0.88. The stock has a market capitalization of $21.27 billion, a PE ratio of 28.45 and a beta of 0.53.

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

Ajinomoto Company Profile

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.