Ajinomoto (OTCMKTS:AJINY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Ajinomoto Co. (OTCMKTS:AJINY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $23.20, but opened at $22.00. Ajinomoto shares last traded at $22.00, with a volume of 24,944 shares trading hands.

Ajinomoto Trading Down 1.2%

The stock has a 50 day moving average of $26.51 and a 200-day moving average of $26.54. 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 company has a market capitalization of $22.45 billion, a P/E ratio of 30.03 and a beta of 0.53.

Ajinomoto (OTCMKTS:AJINY – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.66 billion.

Ajinomoto Company Profile

(Get Free Report)

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.

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