Ajinomoto (OTCMKTS:AJINY) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Ajinomoto Co., Inc. (OTCMKTS:AJINY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.65 and traded as low as $22.71. Ajinomoto shares last traded at $22.79, with a volume of 23,990 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Ajinomoto to a “strong-buy” rating in a research report on Friday, April 4th.

Ajinomoto Stock Up 0.7%

The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $36.64. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 18.99 and a beta of 0.43.

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.