Kirin (OTCMKTS:KNBWY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Kirin Holdings Co. (OTCMKTS:KNBWY – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.14 and traded as high as $16.37. Kirin shares last traded at $15.96, with a volume of 30,699 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th.

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Kirin Stock Performance

The business has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $15.72. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The firm has a market cap of $12.93 billion, a P/E ratio of 13.08 and a beta of -0.04.

Kirin (OTCMKTS:KNBWY – Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kirin had a return on equity of 10.00% and a net margin of 6.06%. On average, sell-side analysts predict that Kirin Holdings Co. will post 1.3 EPS for the current fiscal year.

About Kirin

(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.

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