Kirin (OTCMKTS:KNBWY) Shares Gap Down - Should You Sell?

Key Points

• Kirin shares gapped down before the market open, opening at $14.95 versus the prior close of $15.42 and last trading around $15.57 on light volume (1,506 shares).
• Analyst downgrade: Wall Street Zen lowered Kirin from a "buy" to a "hold" on Feb. 10, reflecting reduced near-term enthusiasm.
• Quarterly results beat estimates with $0.36 EPS vs. $0.30 expected and $4.44B revenue vs. $4.22B, while the company shows a $12.59B market cap and a P/E of 12.73.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.42, but opened at $14.9501. Kirin shares last traded at $15.5740, with a volume of 1,506 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kirin from a "buy" rating to a "hold" rating in a research report on Tuesday, February 10th.

Kirin Stock Performance

The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 12.73 and a beta of -0.11. 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 50-day simple moving average of $16.17 and a 200-day simple moving average of $15.37.

Kirin (OTCMKTS:KNBWY - Get Free Report) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. Kirin had a net margin of 6.06% and a return on equity of 10.00%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.22 billion. On average, analysts anticipate that Kirin Holdings Co. will post 1.12 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.

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