Kirin (OTCMKTS:KNBWY) Reaches New 12-Month High – Should You Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $20.00 and last traded at $20.00, with a volume of 694 shares trading hands. The stock had previously closed at $18.76.

Wall Street Analyst Weigh In

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

Kirin Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $18.39 and its two-hundred day moving average is $17.32. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 12.05 and a beta of 0.05.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. Kirin had a return on equity of 12.22% and a net margin of 7.79%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. On average, analysts predict that Kirin Holdings Co. will post 1.32 earnings per share for the current year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.