Ajinomoto (OTCMKTS:AJINY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $37.89 and traded as low as $20.43. Ajinomoto shares last traded at $20.44, with a volume of 80,641 shares changing hands.

Analyst Upgrades and Downgrades

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

Ajinomoto Stock Up 1.2 %

The company has a market cap of $20.74 billion, a P/E ratio of 17.34 and a beta of 0.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.16. The business's 50 day moving average price is $36.63 and its 200-day moving average price is $39.04.

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

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.