Ajinomoto (OTCMKTS:AJINY – Get Free Report) released its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, Zacks reports.
Ajinomoto Trading Up 7.1%
Shares of AJINY stock traded up $1.64 during mid-day trading on Thursday, reaching $24.58. 63,433 shares of the stock traded hands, compared to its average volume of 62,528. The company has a quick ratio of 0.88, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Ajinomoto has a 1-year low of $16.50 and a 1-year high of $30.49. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 32.77 and a beta of 0.54. The stock’s fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $25.35.
About Ajinomoto
Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.
Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.
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