Kirin (OTCMKTS:KNBWY) Stock Rating Lowered by Wall Street Zen

Kirin (OTCMKTS:KNBWY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Kirin Stock Performance

KNBWY stock traded up $0.43 during trading on Tuesday, reaching $16.13. 33,342 shares of the stock were exchanged, compared to its average volume of 25,748. Kirin has a twelve month low of $12.40 and a twelve month high of $16.20. The company has a market capitalization of $13.07 billion, a P/E ratio of 23.38 and a beta of -0.10. The stock has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $14.89. 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 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 business had revenue of $4.02 billion during 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%. As a group, sell-side analysts anticipate that Kirin will post 1.12 earnings per share for the current 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.