Kirin (OTCMKTS:KNBWY) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Kirin Holdings Co. shares have fallen below their 50-day moving average of $14.53, closing at $14.43 with a slight decline of 0.5%.
• The company reported quarterly earnings of $0.24 per share, missing the consensus estimate of $0.28, and had a revenue of $4.01 billion against expectations of $608.48 billion.
• Kirin's current market capitalization stands at $11.69 billion, with a debt-to-equity ratio of 0.58 and a PE ratio of 32.07.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.53 and traded as low as $14.25. Kirin shares last traded at $14.43, with a volume of 86,743 shares changing hands.

Kirin Stock Down 0.5%

The company's fifty day simple moving average is $14.53 and its 200 day simple moving average is $14.38. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $11.69 billion, a PE ratio of 32.07 and a beta of 0.13.

Kirin (OTCMKTS:KNBWY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $608.48 billion. Kirin had a return on equity of 3.75% and a net margin of 2.30%. Analysts anticipate that Kirin Holdings Co. will post 1.12 earnings per share for the current fiscal year.

About Kirin

Kirin Holdings Company, Limited engages in food and beverages, pharmaceuticals, and health science businesses. The company's products include beer, wine, whiskey, spirits, soft drinks, dairy products, and other products. It also produces and sells pharmaceutical products, biochemical products, and other products.

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