Kirin (OTCMKTS:KNBWY) Shares Gap Down - What's Next?

Key Points

• Kirin Holdings Co. shares gapped down from $15.01 to $14.55 before the market opened, with the stock last trading at the new opening price.
• The company's latest quarterly earnings report showed earnings per share of $0.24, which was below the consensus estimate of $0.28, alongside a revenue of $4.01 billion.
• Kirin has a market capitalization of $12.14 billion and a P/E ratio of 33.31, indicating a relatively high valuation compared to its earnings.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $15.01, but opened at $14.55. Kirin shares last traded at $14.55, with a volume of 213 shares.

Kirin Trading Up 0.0%

The company has a market cap of $11.90 billion, a price-to-earnings ratio of 32.65 and a beta of 0.13. The firm has a 50-day moving average price of $14.18 and a 200 day moving average price of $14.29. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

Kirin (OTCMKTS:KNBWY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $608.48 billion. Kirin had a return on equity of 3.75% and a net margin of 2.30%. As a group, sell-side analysts forecast that Kirin Holdings Co. will post 1.12 EPS for the current year.

Kirin Company Profile

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.