Kirin (OTCMKTS:KNBWY) Sets New 52-Week High – Still a Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $17.8699 and last traded at $17.8699, with a volume of 468 shares changing hands. The stock had previously closed at $17.29.

Analysts Set New Price Targets

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

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Check Out Our Latest Analysis on KNBWY

Kirin Price Performance

The stock has a market cap of $14.33 billion, a P/E ratio of 14.38 and a beta of -0.04. The company’s 50 day moving average price is $16.18 and its 200-day moving average price is $15.83. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53.

Kirin (OTCMKTS:KNBWY – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Kirin had a return on equity of 9.89% and a net margin of 6.11%. As a group, sell-side analysts expect that Kirin Holdings Co. will post 1.38 earnings per share for the current 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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