Kirin (OTCMKTS:KNBWY) Shares Gap Up – Here’s What Happened

Shares of Kirin Holdings Co. (OTCMKTS:KNBWY) gapped up before the market opened on Thursday. The stock had previously closed at $18.64, but opened at $19.4499. Kirin shares last traded at $18.63, with a volume of 387 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kirin presently has a consensus rating of “Hold”.

Kirin Price Performance

The stock has a 50 day moving average price of $18.49 and a two-hundred day moving average price of $17.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.48. The company has a market capitalization of $15.23 billion, a PE ratio of 11.97 and a beta of 0.01.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.16. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. Kirin had a return on equity of 12.22% and a net margin of 7.79%. Equities analysts forecast that Kirin Holdings Co. will post 1.37 earnings per share for the current year.

About Kirin

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.