Kirin (OTCMKTS:KNBWY) Shares Pass Above 50-Day Moving Average – What’s Next?

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 $16.25 and traded as high as $17.47. Kirin shares last traded at $17.12, with a volume of 30,771 shares trading hands.

Analyst Ratings Changes

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

Kirin Stock Performance

The stock has a 50-day moving average of $16.25 and a 200-day moving average of $15.91. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 13.92 and a beta of -0.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37.

Kirin (OTCMKTS:KNBWY) last announced its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Kirin had a net margin of 6.11% and a return on equity of 9.89%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. As a group, analysts anticipate that Kirin Holdings Co. will post 1.38 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.