Citigroup Upgrades Ajinomoto (OTCMKTS:AJINY) to “Strong-Buy”

Ajinomoto (OTCMKTS:AJINYGet Free Report) was upgraded by equities researchers at Citigroup to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Ajinomoto Price Performance

OTCMKTS:AJINY opened at $38.51 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.16. The stock has a market cap of $19.58 billion, a P/E ratio of 32.09 and a beta of 0.32. The company has a fifty day moving average price of $40.62 and a 200 day moving average price of $40.19. Ajinomoto has a one year low of $34.28 and a one year high of $44.84.

Ajinomoto (OTCMKTS:AJINYGet Free Report) last announced its quarterly earnings data 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

(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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