Ajinomoto (OTCMKTS:AJINY) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Ajinomoto (OTCMKTS:AJINY) to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Ajinomoto Stock Performance

Shares of AJINY opened at $38.51 on Friday. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 32.09 and a beta of 0.32. Ajinomoto has a 52-week low of $34.28 and a 52-week high of $44.84. The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $40.62 and a 200 day moving average price of $40.19.

Ajinomoto (OTCMKTS:AJINY) last posted its earnings results on Monday, February 3rd. The company reported $0.42 EPS for the quarter. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

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.