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

Kirin Holdings Co. (OTCMKTS:KNBWY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.26, but opened at $15.83. Kirin shares last traded at $15.83, with a volume of 388 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a research note on Monday, December 15th.

Kirin Stock Up 0.9%

The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 22.10 and a beta of -0.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85. The stock has a fifty day moving average of $15.02 and a two-hundred day moving average of $14.53.

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

Kirin Company Profile

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.