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

Wall Street Zen cut shares of Kirin (OTCMKTS:KNBWY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Kirin Stock Performance

OTCMKTS KNBWY opened at $16.13 on Tuesday. The firm has a market cap of $13.07 billion, a P/E ratio of 23.38 and a beta of -0.10. Kirin has a 52-week low of $12.40 and a 52-week 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 analysts’ consensus estimates of $0.34 by $0.08. Kirin had a return on equity of 5.74% and a net margin of 3.47%.The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.16 billion. On average, equities research analysts expect that Kirin will post 1.12 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.