Kirin (OTCMKTS:KNBWY) Rating Lowered to “Hold” at Wall Street Zen

Kirin (OTCMKTS:KNBWY) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Kirin Stock Up 1.3%

KNBWY stock opened at $16.35 on Tuesday. Kirin has a twelve month low of $12.40 and a twelve month high of $16.41. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $13.24 billion, a PE ratio of 23.70 and a beta of -0.10. The business’s 50-day simple moving average is $15.33 and its 200 day simple moving average is $14.90.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Kirin had a net margin of 3.47% and a return on equity of 5.74%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.16 billion. On average, research analysts anticipate that Kirin will post 1.12 earnings per share for the current year.

Kirin Company Profile

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.