Kirin (OTCMKTS:KNBWY) Sets New 52-Week High – What’s Next?

Shares of Kirin Holdings Co. (OTCMKTS:KNBWY) hit a new 52-week high during trading on Wednesday . The company traded as high as $17.8699 and last traded at $17.8699, with a volume of 468 shares traded. The stock had previously closed at $17.29.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th.

Kirin Price Performance

The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 14.10 and a beta of -0.04. The company has a 50-day moving average price of $16.14 and a 200-day moving average price of $15.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37.

Kirin (OTCMKTS:KNBWY) last posted its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. Kirin had a return on equity of 9.89% and a net margin of 6.11%. On average, equities research analysts expect that Kirin Holdings Co. will post 1.38 EPS for the current fiscal 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.