Kirin (OTCMKTS:KNBWY) Trading Up 4.7% – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY) shares were up 4.7% during mid-day trading on Tuesday . The stock traded as high as $17.31 and last traded at $17.2950. Approximately 4,816 shares were traded during trading, a decline of 86% from the average daily volume of 33,677 shares. The stock had previously closed at $16.5150.

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 Trading Up 5.0%

The stock has a market cap of $14.05 billion, a P/E ratio of 14.10 and a beta of -0.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37. The stock’s fifty day moving average is $16.12 and its 200 day moving average is $15.76.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Kirin had a net margin of 6.11% and a return on equity of 9.89%. As a group, equities research analysts predict that Kirin Holdings Co. will post 1.3 earnings per share for the current fiscal year.

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.