Kirin (OTCMKTS:KNBWY) Sets New 1-Year High – Should You Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $16.20 and last traded at $16.20, with a volume of 671 shares trading hands. The stock had previously closed at $15.76.

Wall Street Analyst Weigh In

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

Kirin Trading Up 2.3%

The company has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $14.87. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 23.38 and a beta of -0.10. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The company 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, research 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.