Kirin (OTCMKTS:KNBWY) Hits New 1-Year High – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.99 and last traded at $19.29, with a volume of 9692 shares. The stock had previously closed at $18.83.

Kirin Price Performance

The firm has a 50-day moving average of $17.84 and a 200 day moving average of $16.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.44 and a quick ratio of 1.01. The company has a market capitalization of $15.87 billion, a PE ratio of 12.48 and a beta of -0.02.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Kirin had a net margin of 7.79% and a return on equity of 12.29%. As a group, research analysts anticipate that Kirin Holdings Co. will post 1.34 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.