Kirin (OTCMKTS:KNBWY) Shares Gap Down – Here’s What Happened

Shares of Kirin Holdings Co. (OTCMKTS:KNBWY) gapped down prior to trading on Wednesday. The stock had previously closed at $19.69, but opened at $18.75. Kirin shares last traded at $18.75, with a volume of 27,293 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Kirin from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kirin Trading Down 3.0%

The company’s 50 day moving average is $18.40 and its two-hundred day moving average is $17.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.02. The firm has a market cap of $15.16 billion, a P/E ratio of 11.92 and a beta of 0.05.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. Kirin had a net margin of 7.79% and a return on equity of 12.22%. On average, sell-side analysts predict that Kirin Holdings Co. will post 1.32 earnings per share for the current year.

About Kirin

Kirin Holdings Company, Limited is a Japanese company with businesses in beverages, pharmaceuticals and health science. Its beverage operations include beer, wine, spirits, soft drinks and other nonalcoholic products, with brands sold in Japan and international markets. The company traces its roots to the Japan Brewery Company, established in 1885, and adopted the Kirin Brewery name in 1907. Today, its pharmaceutical business includes Kyowa Kirin, which develops and sells medicines, while its health science activities include products such as supplements and functional foods.