Zacks Research Downgrades Kirin (OTCMKTS:KNBWY) to Strong Sell

Kirin (OTCMKTS:KNBWY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Kirin Stock Down 1.7%

Kirin stock opened at $19.06 on Monday. 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 has a 1-year low of $14.01 and a 1-year high of $19.99. The firm’s fifty day simple moving average is $18.36 and its 200-day simple moving average is $17.17. The company has a market capitalization of $15.44 billion, a P/E ratio of 12.14 and a beta of -0.01.

Kirin (OTCMKTS:KNBWY) last posted its earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.87 billion. Sell-side analysts forecast that Kirin will post 1.34 earnings per share for the current fiscal year.

About Kirin

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.