Kirin (OTCMKTS:KNBWY) Shares Pass Below 50-Day Moving Average – Here’s Why

Kirin Holdings Co. (OTCMKTS:KNBWY) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.15 and traded as low as $15.10. Kirin shares last traded at $15.11, with a volume of 35,060 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a report on Monday, December 15th.

Kirin Trading Down 0.1%

The company has a market cap of $12.24 billion, a PE ratio of 21.90 and a beta of -0.08. The company’s 50 day simple moving average is $15.15 and its two-hundred day simple moving average is $14.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.16 billion. Kirin had a net margin of 3.47% and a return on equity of 5.74%. As a group, sell-side analysts anticipate that Kirin Holdings Co. will post 1.12 EPS for the current fiscal year.

About Kirin

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.