Ajinomoto (OTCMKTS:AJINY) Shares Gap Up – Here’s What Happened

Shares of Ajinomoto Co. (OTCMKTS:AJINY) gapped up before the market opened on Tuesday . The stock had previously closed at $21.73, but opened at $23.29. Ajinomoto shares last traded at $23.24, with a volume of 4,964 shares.

Ajinomoto Stock Performance

The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 31.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 0.88. The stock has a 50-day moving average of $22.17 and a 200 day moving average of $25.68.

Ajinomoto (OTCMKTS:AJINY) last issued its 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 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.