Kirin (OTCMKTS:KNBWY) Raised to Hold at Zacks Research

Kirin (OTCMKTS:KNBWY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Kirin Trading Up 1.2%

Shares of Kirin stock opened at $18.15 on Tuesday. Kirin has a 1 year low of $14.01 and a 1 year high of $19.99. The company has a 50 day simple moving average of $18.64 and a two-hundred day simple moving average of $17.38. The firm has a market cap of $14.70 billion, a PE ratio of 11.56 and a beta of -0.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.02.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. Kirin had a net margin of 7.79% and a return on equity of 12.22%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Analysts expect that Kirin will post 1.34 earnings per share for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based diversified food and beverage company best known for its beer and other alcoholic beverages. Through its beverage businesses, the company offers beer, sparkling alcoholic drinks, wine, soft drinks, tea and coffee products, including well-known brands such as Kirin Ichiban Shibori, Kirin Lager, Hyoketsu and Gogo no Kocha.

The company also operates in pharmaceuticals and health science. Its pharmaceutical activities have included the development and commercialization of prescription medicines, while its health science business focuses on products and technologies related to wellness and human health.