Kirin (OTCMKTS:KNBWY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Kirin (OTCMKTS:KNBWY) from a hold rating to a strong sell rating in a report published on Monday,Zacks reports.

Kirin Trading Down 1.7%

OTCMKTS KNBWY opened at $19.06 on Monday. The stock has a market cap of $15.44 billion, a P/E ratio of 12.14 and a beta of -0.01. Kirin has a fifty-two week low of $14.01 and a fifty-two week high of $19.99. The stock has a 50 day simple moving average of $18.36 and a two-hundred day simple moving average of $17.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.44.

Kirin (OTCMKTS:KNBWY) last announced its earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. Kirin had a return on equity of 12.29% 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. On average, analysts forecast that Kirin will post 1.34 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.