Ajinomoto (OTCMKTS:AJINY) Upgraded at Citigroup

Citigroup upgraded shares of Ajinomoto (OTCMKTS:AJINY) to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Ajinomoto Price Performance

OTCMKTS AJINY opened at $38.51 on Friday. The company has a 50 day simple moving average of $40.62 and a 200-day simple moving average of $40.22. Ajinomoto has a 52-week low of $34.28 and a 52-week high of $44.84. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 32.09 and a beta of 0.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.16.

Ajinomoto (OTCMKTS:AJINY) last released its earnings results on Monday, February 3rd. The company reported $0.42 earnings per share (EPS) for the quarter. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

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.