Kirin (OTCMKTS:KNBWY) Shares Cross Above 50-Day Moving Average – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.25 and traded as high as $17.47. Kirin shares last traded at $17.12, with a volume of 30,771 shares changing hands.

Analysts Set New Price Targets

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

Kirin Price Performance

The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 13.90 and a beta of -0.04. 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 company’s 50-day moving average price is $16.26 and its 200-day moving average price is $15.93.

Kirin (OTCMKTS:KNBWY) last issued 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). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. Kirin had a net margin of 6.11% and a return on equity of 9.89%.

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.