Kirin (OTCMKTS:KNBWY) Share Price Passes Above 50-Day Moving Average – Here’s Why

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.51 and traded as high as $17.15. Kirin shares last traded at $17.09, with a volume of 29,878 shares changing hands.

Kirin Price Performance

The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 14.13 and a beta of -0.02. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The company’s 50 day simple moving average is $16.52 and its 200-day simple moving average is $16.07.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. On average, equities research analysts predict that Kirin Holdings Co. will post 1.36 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.