Kirin (OTCMKTS:KNBWY) Shares Cross Above 50 Day Moving Average – Here’s Why

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.14 and traded as high as $16.37. Kirin shares last traded at $15.96, with a volume of 30,699 shares changing hands.

Analyst Ratings Changes

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

Kirin Stock Up 4.2%

The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $13.42 billion, a P/E ratio of 13.47 and a beta of -0.04. The company’s fifty day simple moving average is $16.12 and its 200 day simple moving average is $15.74.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Research analysts expect that Kirin Holdings Co. will post 1.3 EPS for the current 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.