Kirin (OTCMKTS:KNBWY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.45 and traded as low as $15.53. Kirin shares last traded at $15.62, with a volume of 46,579 shares changing hands.

Analysts Set New Price Targets

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

Kirin Price Performance

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 company’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $15.58. The stock has a market capitalization of $12.65 billion, a PE ratio of 12.80 and a beta of -0.06.

Kirin (OTCMKTS:KNBWY) last announced its quarterly 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. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kirin had a net margin of 6.06% and a return on equity of 10.00%. As a group, sell-side analysts predict 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.