Kirin (OTCMKTS:KNBWY) Shares Gap Down – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) gapped down before the market opened on Wednesday . The stock had previously closed at $16.05, but opened at $15.16. Kirin shares last traded at $15.1650, with a volume of 4,794 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a report on Monday, December 15th.

Kirin Stock Performance

The firm has a market cap of $12.39 billion, a PE ratio of 22.17 and a beta of -0.08. The business has a 50 day simple moving average of $15.34 and a two-hundred day simple moving average of $14.75. 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 (OTCMKTS:KNBWY) last issued 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 firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.16 billion. Kirin had a net margin of 3.47% and a return on equity of 5.74%. As a group, equities research analysts forecast that Kirin Holdings Co. will post 1.12 earnings per share for the current fiscal year.

Kirin Company Profile

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.