Kirin (OTCMKTS:KNBWY) Shares Up 4.7% – Time to Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price was up 4.7% during trading on Tuesday . The stock traded as high as $17.31 and last traded at $17.2950. Approximately 4,816 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 33,677 shares. The stock had previously closed at $16.5150.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Kirin from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th.

Kirin Stock Up 5.0%

The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $14.05 billion, a PE ratio of 14.10 and a beta of -0.04. The company’s 50 day moving average is $16.12 and its two-hundred day moving average is $15.76.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.63 billion. On average, analysts anticipate that Kirin Holdings Co. will post 1.3 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.