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

Kirin Holdings Co. (OTCMKTS:KNBWY) shares gapped up before the market opened on Thursday. The stock had previously closed at $18.64, but opened at $19.4499. Kirin shares last traded at $18.63, with a volume of 387 shares.

Wall Street Analyst Weigh In

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

Kirin Stock Up 1.6%

The business has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $17.61. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 11.97 and a beta of 0.01. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.87 billion. Kirin had a return on equity of 12.22% and a net margin of 7.79%. As a group, equities analysts forecast that Kirin Holdings Co. will post 1.37 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.