Kirin (OTCMKTS:KNBWY) Stock Jumps 6.1% – Time to Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price shot up 6.1% during trading on Friday. The company traded as high as $19.09 and last traded at $19.09. 14,693 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 28,763 shares. The stock had previously closed at $18.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Kirin from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kirin Stock Up 3.9%

The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $15.15 billion, a PE ratio of 11.91 and a beta of 0.01. The company’s fifty day moving average price is $18.44 and its 200-day moving average price is $17.21.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. The company had revenue of $4.08 billion for 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%. Analysts forecast that Kirin Holdings Co. will post 1.37 earnings per share for the current year.

Kirin Company Profile

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.