Ajinomoto (OTCMKTS:AJINY) Stock Passes Above 50-Day Moving Average – Here’s Why

Ajinomoto Co., Inc. (OTCMKTS:AJINY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $40.09 and traded as high as $42.80. Ajinomoto shares last traded at $41.30, with a volume of 12,560 shares.

Ajinomoto Stock Down 2.0 %

The company has a quick ratio of 1.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $40.13 and a 200 day simple moving average of $38.52. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 34.71 and a beta of 0.12.

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.