Kirin (OTCMKTS:KNBWY) Shares Gap Up - Here's Why

Key Points

• Kirin shares gapped up premarket — the stock had closed at $15.40, opened at $16.05 and last traded at $15.6050 on a volume of 11,244 shares.
• Earnings beat: Kirin reported Q results of $0.36 EPS vs. $0.30 consensus and revenue of $4.44 billion vs. $4.22 billion, with analysts forecasting ~1.12 EPS for the year.
• Analyst downgrade: Wall Street Zen cut its rating on Kirin from a "buy" to a "hold."

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $15.40, but opened at $16.05. Kirin shares last traded at $15.6050, with a volume of 11,244 shares trading hands.

Wall Street Analysts Forecast Growth

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

Kirin Stock Up 1.0%

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 company has a market capitalization of $12.60 billion, a P/E ratio of 12.75 and a beta of -0.11. The firm's 50 day moving average price is $16.18 and its two-hundred day moving average price is $15.38.

Kirin (OTCMKTS:KNBWY - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $4.22 billion. Equities research analysts forecast that Kirin Holdings Co. will post 1.12 EPS for the current year.

Kirin Company Profile

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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