Kirin (OTCMKTS:KNBWY) Sees Unusually-High Trading Volume – Here’s Why

Kirin Holdings Co. (OTCMKTS:KNBWY) saw strong trading volume on Tuesday. Approximately 38,590 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 29,049 shares. The stock last traded at $18.56 and had previously closed at $18.45.

Analyst Ratings Changes

Separately, Zacks Research upgraded Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Kirin Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.02. The stock’s 50-day simple moving average is $18.51 and its two-hundred day simple moving average is $17.58. The firm has a market cap of $15.13 billion, a P/E ratio of 11.89 and a beta of 0.01.

Kirin (OTCMKTS:KNBWY) last posted its quarterly 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. Kirin had a net margin of 7.79% and a return on equity of 12.22%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.87 billion. Equities research analysts forecast that Kirin Holdings Co. will post 1.34 earnings per share for the current fiscal year.

About Kirin

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.