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

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $18.64, but opened at $19.4499. Kirin shares last traded at $18.63, with a volume of 387 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised Kirin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Kirin Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.02. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 12.13 and a beta of 0.01. The firm has a fifty day simple moving average of $18.47 and a 200 day simple moving average of $17.64.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Kirin had a net margin of 7.79% and a return on equity of 12.22%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. On average, analysts anticipate that Kirin Holdings Co. will post 1.37 earnings per share for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.