Ajinomoto (OTCMKTS:AJINY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Ajinomoto Co. (OTCMKTS:AJINY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $28.15 and traded as low as $27.84. Ajinomoto shares last traded at $27.96, with a volume of 50,783 shares.

Ajinomoto Stock Down 0.2%

The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 46.59 and a beta of 0.56. The firm has a 50-day moving average of $28.15 and a two-hundred day moving average of $25.85. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54.

Ajinomoto (OTCMKTS:AJINY) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.69 billion.

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.