Ajinomoto (OTCMKTS:AJINY) Sees Large Volume Increase – Should You Buy?

Ajinomoto Co. (OTCMKTS:AJINY) shares saw an uptick in trading volume on Thursday . 31,974 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 42,867 shares.The stock last traded at $21.55 and had previously closed at $21.29.

Ajinomoto Price Performance

The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 28.37 and a beta of 0.53. The company’s 50-day simple moving average is $24.74 and its 200-day simple moving average is $26.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 0.88.

Ajinomoto (OTCMKTS:AJINY) last posted its earnings results on Thursday, November 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.66 billion.

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.