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

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $19.69, but opened at $18.75. Kirin shares last traded at $18.75, with a volume of 27,293 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Kirin Trading Down 3.0%

The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The company has a market cap of $15.16 billion, a PE ratio of 11.92 and a beta of 0.05. The business’s 50-day simple moving average is $18.40 and its 200-day simple moving average is $17.36.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings results on Wednesday, November 11th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Kirin had a net margin of 7.79% and a return on equity of 12.22%. As a group, analysts expect that Kirin Holdings Co. will post 1.32 EPS for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japanese company with businesses in beverages, pharmaceuticals and health science. Its beverage operations include beer, wine, spirits, soft drinks and other nonalcoholic products, with brands sold in Japan and international markets. The company traces its roots to the Japan Brewery Company, established in 1885, and adopted the Kirin Brewery name in 1907. Today, its pharmaceutical business includes Kyowa Kirin, which develops and sells medicines, while its health science activities include products such as supplements and functional foods.