Kirin (OTCMKTS:KNBWY) Shares Gap Down – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares gapped down before the market opened on Friday . The stock had previously closed at $15.22, but opened at $14.66. Kirin shares last traded at $15.28, with a volume of 1,399 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Kirin from a “buy” rating to a “hold” rating in a research note on Monday, December 15th.

Kirin Stock Up 0.5%

The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $12.39 billion, a PE ratio of 22.17 and a beta of -0.06. The company’s fifty day moving average is $15.07 and its 200-day moving average is $14.55.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. Kirin had a return on equity of 5.74% and a net margin of 3.47%.The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.16 billion. On average, analysts predict that Kirin Holdings Co. will post 1.12 EPS for the current 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.