Zacks Research Downgrades Kirin (OTCMKTS:KNBWY) to Strong Sell

Kirin (OTCMKTS:KNBWY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

Kirin Stock Performance

OTCMKTS:KNBWY opened at $19.06 on Monday. The stock’s 50-day simple moving average is $18.36 and its 200 day simple moving average is $17.17. The firm has a market capitalization of $15.44 billion, a PE ratio of 12.14 and a beta of -0.01. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 0.51. Kirin has a twelve month low of $14.01 and a twelve month high of $19.99.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.42 by $0.16. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.87 billion. Kirin had a return on equity of 12.29% and a net margin of 7.79%. On average, analysts anticipate that Kirin will post 1.34 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.