Kirin (OTCMKTS:KNBWY) Sets New 52-Week High – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.8699 and last traded at $17.8699, with a volume of 468 shares. The stock had previously closed at $17.29.

Analyst Upgrades and Downgrades

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 stock has a fifty day moving average of $16.14 and a 200-day moving average of $15.78. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.05 billion, a P/E ratio of 14.10 and a beta of -0.04.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. Kirin had a return on equity of 9.89% and a net margin of 6.11%. Equities analysts predict that Kirin Holdings Co. will post 1.38 EPS for the current fiscal 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.