Im in cutoff position with AJo, someone in front of me raises 5 x bb. Is it right to fold?

This is the hand below. I folded, but I want to make sure I did the right thing. I went through my hands from when I had that horrible day and lost almost all my BR, and I think most of it is not knowing what to do when I have a strong hand and someone in front of me raises.

$0.01/$0.02 No Limit Holdem
PokerStars
9 Players
Hand Conversion Powered by weaktight.com

Stacks:
UTG mandraxx888 ($1)
UTG+1 molecooola ($2.37)
MP1 imawannabeto ($3.10)
MP2 7Ruthless ($0.97)
MP3 Norwichyub ($1.97)
CO Hero ($1.40)
BTN callbest ($2.66)
SB Eagle727s ($2.09)
BB Ded4EteRNiTy ($0.73)

Pre-Flop: ($0.03, 9 players) Hero is CO
1 fold, molecooola calls $0.02, imawannabeto calls $0.02, 7Ruthless raises to $0.12, 1 fold, Hero folds, callbest calls $0.12, 2 folds, molecooola folds, imawannabeto folds

Flop: ($0.31, 2 players)
7Ruthless bets $0.06, callbest calls $0.06

Turn: ($0.43, 2 players)
7Ruthless bets $0.12, callbest folds

Final Pot: $0.55

7Ruthless wins $0.55 (net +$0.25)

molecooola lost $0.02
imawannabeto lost $0.02
callbest lost $0.18