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)'s stock price gapped down before the market opened 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 traded.

Kirin Stock Down 0.1%

The firm's 50 day moving average price is $14.13 and its two-hundred day moving average price is $14.26. The company has a market cap of $12.14 billion, a P/E ratio of 33.31 and a beta of 0.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.26.

Kirin (OTCMKTS:KNBWY - Get Free Report) last released its quarterly earnings data 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). Kirin had a net margin of 2.30% and a return on equity of 3.75%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $608.48 billion. Equities research analysts anticipate that Kirin Holdings Co. will post 1.12 EPS 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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