Ajinomoto (OTCMKTS:AJINY) Shares Gap Down – What’s Next?

Ajinomoto Co. (OTCMKTS:AJINY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $24.33, but opened at $22.71. Ajinomoto shares last traded at $22.71, with a volume of 23,063 shares changing hands.

Ajinomoto Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 0.93. The company has a fifty day moving average price of $27.58 and a 200 day moving average price of $26.46. The stock has a market cap of $22.75 billion, a P/E ratio of 30.43 and a beta of 0.55.

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 the consensus estimate of $0.21 by ($0.08). The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.66 billion.

About Ajinomoto

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.