Kirin (OTCMKTS:KNBWY) Rating Lowered to “Hold” at Wall Street Zen

Kirin (OTCMKTS:KNBWY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Kirin Trading Up 2.8%

Shares of OTCMKTS KNBWY traded up $0.42 during midday trading on Monday, hitting $15.32. The stock had a trading volume of 11,049 shares, compared to its average volume of 56,532. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.20 and a beta of -0.06. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. Kirin has a 1-year low of $12.25 and a 1-year high of $16.15. The company has a fifty day moving average price of $14.90 and a 200 day moving average price of $14.50.

Kirin (OTCMKTS:KNBWY) last posted its earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.16 billion. Kirin had a return on equity of 5.74% and a net margin of 3.47%. On average, analysts predict that Kirin will post 1.12 earnings per share for the current year.

About Kirin

Kirin Holdings Company, Limited engages in food and beverages, pharmaceuticals, and health science businesses. The company's products include beer, wine, whiskey, spirits, soft drinks, dairy products, and other products. It also produces and sells pharmaceutical products, biochemical products, and other products.