Ajinomoto (OTCMKTS:AJINY) Shares Gap Up – Should You Buy?

Ajinomoto Co. (OTCMKTS:AJINY) gapped up prior to trading on Wednesday . The stock had previously closed at $23.49, but opened at $24.90. Ajinomoto shares last traded at $24.9020, with a volume of 3,440 shares.

Ajinomoto Stock Up 2.0%

The company’s 50 day moving average is $27.81 and its 200 day moving average is $26.33. The company has a market cap of $24.59 billion, a PE ratio of 32.89 and a beta of 0.55. 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 posted its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.66 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.