Kirin (OTCMKTS:KNBWY) Reaches New 52-Week High – Time to Buy?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $20.00 and last traded at $20.00, with a volume of 694 shares changing hands. The stock had previously closed at $18.76.

Analyst Upgrades and Downgrades

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

Kirin Stock Up 6.1%

The company has a market capitalization of $16.36 billion, a P/E ratio of 12.86 and a beta of 0.05. 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 firm has a fifty day simple moving average of $18.40 and a 200-day simple moving average of $17.28.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Kirin had a return on equity of 12.22% and a net margin of 7.79%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.87 billion. On average, equities research analysts expect that Kirin Holdings Co. will post 1.32 EPS for the current fiscal 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.