Kirin (OTCMKTS:KNBWY) Shares Pass Above 50-Day Moving Average – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.25 and traded as high as $17.47. Kirin shares last traded at $17.12, with a volume of 30,771 shares traded.

Wall Street Analyst Weigh In

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

Kirin Price Performance

The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The firm has a market cap of $13.87 billion, a P/E ratio of 13.92 and a beta of -0.04. The company has a fifty day moving average price of $16.25 and a two-hundred day moving average price of $15.91.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a net margin of 6.11% and a return on equity of 9.89%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion. Equities analysts anticipate that Kirin Holdings Co. will post 1.38 earnings per share 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.