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

Kirin Holdings Co. (OTCMKTS:KNBWY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.42, but opened at $14.9501. Kirin shares last traded at $15.5740, with a volume of 1,506 shares changing hands.

Analysts Set New Price Targets

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

Kirin Stock Up 0.7%

The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $12.59 billion, a PE ratio of 12.73 and a beta of -0.11. The business’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.37.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. Kirin had a net margin of 6.06% and a return on equity of 10.00%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.22 billion. As a group, equities research analysts predict that Kirin Holdings Co. will post 1.12 EPS 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.