Ajinomoto (OTCMKTS:AJINY) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $40.67 and traded as high as $42.83. Ajinomoto shares last traded at $39.85, with a volume of 6,552 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Ajinomoto to a "strong-buy" rating in a research report on Friday.

Ajinomoto Stock Performance

The stock has a market cap of $18.63 billion, a P/E ratio of 30.54 and a beta of 0.32. The company has a fifty day moving average price of $40.54 and a 200 day moving average price of $40.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.16.

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

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.