Ajinomoto (OTCMKTS:AJINY) Announces Earnings Results, Misses Estimates By $0.08 EPS

Ajinomoto (OTCMKTS:AJINY) announced its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08), reports. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.66 billion.

Ajinomoto Stock Down 11.6%

Shares of OTCMKTS:AJINY traded down $3.11 during trading on Friday, reaching $23.62. 33,935 shares of the stock were exchanged, compared to its average volume of 36,244. Ajinomoto has a 1-year low of $16.50 and a 1-year high of $30.49. The stock has a fifty day moving average of $28.26 and a two-hundred day moving average of $26.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 0.93. The firm has a market cap of $23.54 billion, a price-to-earnings ratio of 30.68 and a beta of 0.55.

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.