Kirin (OTCMKTS:KNBWY) Sees Unusually-High Trading Volume – Still a Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY) saw strong trading volume on Thursday . 27,722 shares were traded during trading, a decline of 11% from the previous session’s volume of 31,179 shares.The stock last traded at $16.4775 and had previously closed at $16.4850.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kirin from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th.

Kirin Stock Performance

The company has a market capitalization of $13.36 billion, a PE ratio of 13.52 and a beta of -0.06. The firm’s 50-day simple moving average is $16.46 and its 200-day simple moving average is $15.55. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.22 billion. Kirin had a return on equity of 10.00% and a net margin of 6.06%. On average, research analysts predict that Kirin Holdings Co. will post 1.12 earnings per share 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.