Kirin (OTCMKTS:KNBWY) Reaches New 12-Month High – Time to Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $16.20 and last traded at $16.20, with a volume of 671 shares. The stock had previously closed at $15.76.

Analyst Upgrades and Downgrades

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

Kirin Trading Up 2.3%

The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $14.87. The stock has a market cap of $13.07 billion, a PE ratio of 23.38 and a beta of -0.10.

Kirin (OTCMKTS:KNBWY) last issued 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. 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%. As a group, equities analysts expect that Kirin Holdings Co. will post 1.12 earnings per share for the current fiscal 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.