Ajinomoto (OTCMKTS:AJINY) Stock Price Down 4.9% – Here’s Why

Shares of Ajinomoto Co. (OTCMKTS:AJINY) dropped 4.9% on Wednesday . The stock traded as low as $20.5801 and last traded at $20.5801. Approximately 299 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 43,054 shares. The stock had previously closed at $21.63.

Ajinomoto Stock Down 0.9%

The stock’s fifty day moving average price is $24.86 and its 200 day moving average price is $26.35. The company has a current ratio of 1.62, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a market cap of $21.21 billion, a P/E ratio of 28.37 and a beta of 0.53.

Ajinomoto (OTCMKTS:AJINY) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.66 billion.

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.