Kirin (OTCMKTS:KNBWY) Stock Crosses Above 50 Day Moving Average Following Analyst Downgrade

Kirin Holdings Co. (OTCMKTS:KNBWY) shares crossed above its 50-day moving average during trading on Tuesday after The Goldman Sachs Group upgraded the stock from a neutral rating to a buy rating. The stock has a 50-day moving average of $18.36 and traded as high as $19.22. Kirin shares last traded at $19.0610, with a volume of 19,725 shares traded.

Kirin Price Performance

The stock has a 50 day moving average price of $18.42 and a two-hundred day moving average price of $17.20. The firm has a market cap of $15.30 billion, a PE ratio of 12.03 and a beta of -0.01. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 0.51.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. Kirin had a return on equity of 12.29% and a net margin of 7.79%.The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.87 billion. As a group, equities analysts expect that Kirin Holdings Co. will post 1.34 earnings per share for the current 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.