Kirin (OTCMKTS:KNBWY) Shares Climb 6.1% – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY) shares rose 6.1% on Friday. The stock traded as high as $19.09 and last traded at $19.09. Approximately 14,693 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 28,763 shares. The stock had previously closed at $18.00.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Kirin currently has a consensus rating of “Hold”.

Kirin Trading Up 3.9%

The firm has a market capitalization of $15.15 billion, a P/E ratio of 11.91 and a beta of 0.01. The business has a 50 day moving average of $18.44 and a 200-day moving average of $17.21. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Kirin had a return on equity of 12.22% and a net margin of 7.79%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Analysts anticipate that Kirin Holdings Co. will post 1.37 EPS for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.