Citigroup Upgrades Ajinomoto (OTCMKTS:AJINY) to "Strong-Buy"

Citigroup upgraded shares of Ajinomoto (OTCMKTS:AJINY - Free Report) to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

Ajinomoto Stock Performance

AJINY traded up $0.41 during trading on Friday, hitting $19.45. 108,917 shares of the stock were exchanged, compared to its average volume of 39,787. The firm has a market capitalization of $9.89 billion, a P/E ratio of 16.21 and a beta of 0.32. Ajinomoto has a 1-year low of $16.50 and a 1-year high of $22.42. The stock has a fifty day moving average price of $39.64 and a two-hundred day moving average price of $39.92. The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.50.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.42 earnings per share 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.