Zacks Research Downgrades Kikkoman (OTCMKTS:KIKOY) to Strong Sell

Kikkoman (OTCMKTS:KIKOY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Kikkoman Stock Performance

KIKOY opened at $21.55 on Monday. The stock’s 50 day simple moving average is $18.70 and its 200-day simple moving average is $18.56. Kikkoman has a 1 year low of $15.73 and a 1 year high of $21.55.

Kikkoman Company Profile

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.