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

Kirin Holdings Co. (OTCMKTS:KNBWY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $16.48, but opened at $17.43. Kirin shares last traded at $16.13, with a volume of 383 shares.

Kirin Stock Performance

The company’s fifty day moving average is $16.46 and its 200 day moving average is $16.02. The company has a market capitalization of $13.90 billion, a P/E ratio of 13.95 and a beta of -0.02. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Kirin had a return on equity of 9.89% and a net margin of 6.11%. As a group, equities analysts anticipate that Kirin Holdings Co. will post 1.36 earnings per share for the current year.

About Kirin

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.