Kirin (OTCMKTS:KNBWY) Sees Strong Trading Volume – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares saw unusually-strong trading volume on Thursday . Approximately 41,128 shares changed hands during trading, an increase of 21% from the previous session’s volume of 33,975 shares.The stock last traded at $17.34 and had previously closed at $17.06.

Kirin Trading Up 1.0%

The company’s 50-day moving average is $16.51 and its 200 day moving average is $16.06. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The firm has a market cap of $14.03 billion, a PE ratio of 14.08 and a beta of -0.02.

Kirin (OTCMKTS:KNBWY) last released 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). The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Kirin had a net margin of 6.11% and a return on equity of 9.89%. As a group, sell-side analysts predict that Kirin Holdings Co. will post 1.36 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.