Ajinomoto (OTCMKTS:AJINY) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $35.42 and traded as low as $20.67. Ajinomoto shares last traded at $20.69, with a volume of 34,430 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Ajinomoto to a "strong-buy" rating in a research note on Friday, April 4th.

Ajinomoto Stock Down 0.8 %

The stock's 50-day simple moving average is $34.58 and its 200-day simple moving average is $38.38. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $19.83 billion, a P/E ratio of 16.58 and a beta of 0.32.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.42 EPS for the quarter. Ajinomoto had a return on equity of 10.45% and a net margin of 6.02%.

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.