Kirin (OTCMKTS:KNBWY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Kirin Holdings Co. (OTCMKTS:KNBWY) saw an uptick in trading volume on Thursday . 41,128 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 33,975 shares.The stock last traded at $17.34 and had previously closed at $17.06.

Kirin Trading Up 1.0%

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 firm’s 50-day simple moving average is $16.51 and its 200 day simple moving average is $16.06. The stock has a market capitalization of $14.03 billion, a P/E ratio of 14.08 and a beta of -0.02.

Kirin (OTCMKTS:KNBWY) last issued 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Equities research analysts anticipate that Kirin Holdings Co. will post 1.36 EPS 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.