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

Kirin Holdings Co. (OTCMKTS:KNBWY) gapped up prior to trading on Friday . The stock had previously closed at $15.40, but opened at $16.05. Kirin shares last traded at $15.6050, with a volume of 11,244 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Kirin from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th.

Kirin Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37. The firm has a fifty day simple moving average of $16.19 and a 200 day simple moving average of $15.38. The company has a market capitalization of $12.55 billion, a PE ratio of 12.70 and a beta of -0.11.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. Kirin had a return on equity of 10.00% and a net margin of 6.06%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.22 billion. Equities analysts anticipate that Kirin Holdings Co. will post 1.12 EPS 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.