Kirin (OTCMKTS:KNBWY) Shares Gap Up – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $16.48, but opened at $17.43. Kirin shares last traded at $16.13, with a volume of 383 shares changing hands.

Wall Street Analyst Weigh In

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

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Kirin Stock Up 2.7%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 0.93. The firm’s 50 day moving average is $16.41 and its two-hundred day moving average is $16.00. The firm has a market capitalization of $13.77 billion, a P/E ratio of 13.82 and a beta of -0.02.

Kirin (OTCMKTS:KNBWY – Get Free Report) last released its earnings results 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). Kirin had a net margin of 6.11% and a return on equity of 9.89%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion.

About Kirin

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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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