Kirin (OTCMKTS:KNBWY) Reaches New 52-Week High Following Better-Than-Expected Earnings

Kirin Holdings Co. (OTCMKTS:KNBWYGet Free Report) hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $19.50 and last traded at $19.50, with a volume of 4337 shares traded. The stock had previously closed at $18.45.

The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.10. Kirin had a return on equity of 9.82% and a net margin of 6.11%.

Kirin Trading Up 5.7%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.44 and a quick ratio of 1.01. The stock’s 50 day moving average is $17.52 and its 200-day moving average is $16.72. The company has a market capitalization of $15.80 billion, a P/E ratio of 15.85 and a beta of -0.02.

Kirin Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Kirin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirin and related companies with MarketBeat.com's FREE daily email newsletter.