Kirin (OTCMKTS:KNBWY) Sets New 1-Year High – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $20.00 and last traded at $20.00, with a volume of 694 shares. The stock had previously closed at $18.76.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Kirin Stock Up 6.1%

The firm has a 50-day moving average of $18.40 and a two-hundred day moving average of $17.28. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 12.86 and a beta of 0.05. 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 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.87 billion. As a group, sell-side analysts predict that Kirin Holdings Co. will post 1.32 earnings per share for the current fiscal year.

About Kirin

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.