Ajinomoto (OTCMKTS:AJINY) Hits New 12-Month High – Here’s What Happened

Ajinomoto Co., Inc. (OTCMKTS:AJINY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $26.64 and last traded at $25.64, with a volume of 22800 shares trading hands. The stock had previously closed at $25.14.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AJINY shares. Citigroup upgraded Ajinomoto to a “strong-buy” rating in a research report on Friday, April 4th. Nomura Securities upgraded Ajinomoto to a “hold” rating in a research report on Tuesday, May 27th. Finally, CLSA upgraded Ajinomoto to a “strong-buy” rating in a research report on Wednesday, May 28th.

Ajinomoto Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.93. The stock’s 50 day simple moving average is $22.64 and its two-hundred day simple moving average is $34.47. The firm has a market capitalization of $25.56 billion, a PE ratio of 21.37 and a beta of 0.52.

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.