Kirin (OTCMKTS:KNBWY) Shares Gap Up – Time to Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY) gapped up prior to trading on Thursday . The stock had previously closed at $16.1480, but opened at $16.9999. Kirin shares last traded at $16.52, with a volume of 1,482 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Kirin from a “buy” rating to a “hold” rating in a research note on Tuesday.

Kirin Stock Up 1.3%

The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 24.00 and a beta of -0.10. The firm’s fifty day moving average price is $15.33 and its two-hundred day moving average price is $14.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Tuesday, November 11th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.16 billion. Kirin had a return on equity of 5.74% and a net margin of 3.47%. Sell-side analysts forecast that Kirin Holdings Co. will post 1.12 earnings per share 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.