Kirin (OTCMKTS:KNBWY) Shares Gap Up – Still a Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.26, but opened at $15.83. Kirin shares last traded at $15.83, with a volume of 388 shares.

Wall Street Analysts Forecast Growth

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

Kirin Stock Up 0.5%

The stock’s fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $14.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 22.17 and a beta of -0.06.

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

Kirin Company Profile

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.