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

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.1480, but opened at $16.9999. Kirin shares last traded at $16.52, with a volume of 1,482 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday.

Kirin Trading Up 7.3%

The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $14.40 billion, a P/E ratio of 25.77 and a beta of -0.10. The firm has a 50 day moving average of $15.40 and a 200-day moving average of $14.94.

Kirin (OTCMKTS:KNBWY) last announced its earnings results on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Kirin had a return on equity of 5.74% and a net margin of 3.47%.The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.22 billion. On average, equities research analysts predict that Kirin Holdings Co. will post 1.12 earnings per share for the current fiscal year.

About Kirin

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.