Kirin (OTCMKTS:KNBWY) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Kirin Holdings Co. (OTCMKTS:KNBWY)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.51 and traded as high as $17.15. Kirin shares last traded at $17.09, with a volume of 29,878 shares traded.

Kirin Stock Performance

The firm has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $16.06. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 13.89 and a beta of -0.02.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. Analysts forecast that Kirin Holdings Co. will post 1.36 EPS for the current fiscal 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.