Kirin (OTCMKTS:KNBWY) Shares Gap Up – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares gapped up prior to trading on Thursday . The stock had previously closed at $16.1480, but opened at $16.9999. Kirin shares last traded at $16.52, with a volume of 1,482 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday.

Kirin Stock Performance

The company’s 50-day moving average is $15.33 and its two-hundred day moving average is $14.90. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $13.41 billion, a P/E ratio of 24.00 and a beta of -0.10.

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