Kirin Holdings Co. (OTCMKTS:KNBWY – Get Free Report)’s share price traded up 6.1% during trading on Friday. The company traded as high as $19.09 and last traded at $19.09. 14,693 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 28,763 shares. The stock had previously closed at $18.00.
Analysts Set New Price Targets
Separately, Zacks Research raised Kirin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Kirin currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on KNBWY
Kirin Stock Up 2.0%
The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.87 billion, a P/E ratio of 11.69 and a beta of 0.01. The firm has a 50-day moving average price of $18.42 and a two-hundred day moving average price of $17.23.
Kirin (OTCMKTS:KNBWY – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.87 billion. Kirin had a net margin of 7.79% and a return on equity of 12.22%. Equities research analysts anticipate that Kirin Holdings Co. will post 1.32 EPS for the current fiscal year.
About Kirin
Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.
Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.
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