Kirin (OTCMKTS:KNBWY) Shares Gap Up – Should You Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $15.99, but opened at $16.45. Kirin shares last traded at $16.55, with a volume of 5,150 shares traded.

Analysts Set New Price Targets

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

Kirin Price Performance

The stock has a market cap of $13.41 billion, a P/E ratio of 13.57 and a beta of -0.04. 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 business has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $15.73.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Kirin had a return on equity of 10.00% and a net margin of 6.06%.The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. On average, sell-side analysts forecast that Kirin Holdings Co. will post 1.3 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.