Kirin (OTCMKTS:KNBWY) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.51 and traded as high as $17.15. Kirin shares last traded at $17.09, with a volume of 29,878 shares.

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 firm has a market capitalization of $13.85 billion, a P/E ratio of 13.89 and a beta of -0.02. The company has a 50-day moving average price of $16.51 and a 200-day moving average price of $16.06.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. On average, sell-side analysts predict that Kirin Holdings Co. will post 1.36 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.