Kirin (OTCMKTS:KNBWY) Shares Gap Up – Here’s Why

Kirin Holdings Co. (OTCMKTS:KNBWY) gapped up before the market opened on Friday . The stock had previously closed at $15.05, but opened at $15.76. Kirin shares last traded at $15.17, with a volume of 2,141 shares changing hands.

Wall Street Analysts Forecast Growth

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

Kirin Stock Up 0.7%

The business has a 50 day moving average of $15.27 and a two-hundred day moving average of $14.64. The stock has a market capitalization of $12.28 billion, a PE ratio of 21.96 and a beta of -0.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 1.35.

Kirin (OTCMKTS:KNBWY) last announced its earnings results on Tuesday, November 11th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Kirin had a net margin of 3.47% and a return on equity of 5.74%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.16 billion. Analysts predict that Kirin Holdings Co. will post 1.12 EPS 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.