Kirin (OTCMKTS:KNBWY) Shares Pass Above Fifty Day Moving Average on Analyst Downgrade

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price passed above its fifty day moving average during trading on Tuesday after The Goldman Sachs Group upgraded the stock from a neutral rating to a buy rating. The stock has a fifty day moving average of $18.36 and traded as high as $19.22. Kirin shares last traded at $19.0610, with a volume of 19,725 shares changing hands.

Kirin Stock Performance

The company has a 50-day moving average of $18.42 and a 200-day moving average of $17.20. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 12.03 and a beta of -0.01. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51.

Kirin (OTCMKTS:KNBWY) last released its earnings results on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Kirin had a net margin of 7.79% and a return on equity of 12.29%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. On average, equities research analysts forecast that Kirin Holdings Co. will post 1.34 earnings per share 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.