Kirin (OTCMKTS:KNBWY) Shares Gap Up – Here’s What Happened

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $16.48, but opened at $17.43. Kirin shares last traded at $16.13, with a volume of 383 shares changing hands.

Wall Street Analyst Weigh In

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

Kirin Stock Performance

The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 13.82 and a beta of -0.02. The company’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $16.00. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a net margin of 6.11% and a return on equity of 9.89%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion.

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.