Kirin (OTCMKTS:KNBWY) Downgraded to Hold Rating by Wall Street Zen

Kirin (OTCMKTS:KNBWY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Tuesday.

Kirin Price Performance

OTCMKTS:KNBWY traded up $0.43 during mid-day trading on Tuesday, hitting $16.13. 33,342 shares of the stock traded hands, compared to its average volume of 25,748. The company has a market cap of $13.07 billion, a PE ratio of 23.38 and a beta of -0.10. Kirin has a 12-month low of $12.40 and a 12-month high of $16.20. The business’s 50-day moving average price is $15.31 and its 200 day moving average price is $14.89. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings data on Tuesday, November 11th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Kirin had a net margin of 3.47% and a return on equity of 5.74%. On average, analysts expect that Kirin will post 1.12 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.