Kirin (OTCMKTS:KNBWY) Upgraded to “Hold” at Zacks Research

Kirin (OTCMKTS:KNBWY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Kirin Trading Up 1.2%

OTCMKTS KNBWY opened at $18.15 on Tuesday. Kirin has a 12 month low of $14.01 and a 12 month high of $19.99. The stock has a 50-day simple moving average of $18.64 and a 200 day simple moving average of $17.38. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.70 billion, a PE ratio of 11.56 and a beta of -0.01.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Friday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Kirin had a return on equity of 12.22% and a net margin of 7.79%. Research analysts forecast that Kirin will post 1.34 EPS for the current year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based diversified food and beverage company best known for its beer and other alcoholic beverages. Through its beverage businesses, the company offers beer, sparkling alcoholic drinks, wine, soft drinks, tea and coffee products, including well-known brands such as Kirin Ichiban Shibori, Kirin Lager, Hyoketsu and Gogo no Kocha.

The company also operates in pharmaceuticals and health science. Its pharmaceutical activities have included the development and commercialization of prescription medicines, while its health science business focuses on products and technologies related to wellness and human health.