Kirin (OTCMKTS:KNBWY) Downgraded to Strong Sell Rating by Zacks Research

Kirin (OTCMKTS:KNBWY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Kirin Stock Performance

KNBWY opened at $19.06 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $18.36 and its two-hundred day moving average price is $17.17. The firm has a market capitalization of $15.44 billion, a P/E ratio of 12.14 and a beta of -0.01. Kirin has a 12-month low of $14.01 and a 12-month high of $19.99.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. Kirin had a return on equity of 12.29% and a net margin of 7.79%.The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. On average, equities analysts forecast that Kirin will post 1.34 earnings per share 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.