Ajinomoto (OTCMKTS:AJINY) Stock Price Up 13.2% – Still a Buy?

Ajinomoto Co. (OTCMKTS:AJINY)’s stock price traded up 13.2% on Monday . The stock traded as high as $28.70 and last traded at $28.30. 12,979 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 65,672 shares. The stock had previously closed at $25.00.

Ajinomoto Stock Up 1.2%

The company has a fifty day moving average price of $22.41 and a 200 day moving average price of $25.36. The company has a market cap of $27.68 billion, a PE ratio of 37.75 and a beta of 0.54. 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 Company Profile

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.