Kirin (OTCMKTS:KNBWY) Stock Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Kirin Holdings' stock price surpassed its 50-day moving average of $13.91, reaching a trading high of $14.98.
• The company reported an EPS of $0.24 for the last quarter, which was below the consensus estimate of $0.28.
• Kirin has a market cap of $12.11 billion and a low beta of 0.13, indicating low market volatility compared to the broader market.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.91 and traded as high as $14.98. Kirin shares last traded at $14.95, with a volume of 15,281 shares traded.

Kirin Stock Down 1.5%

The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $13.95 and a 200 day simple moving average of $14.13. The firm has a market capitalization of $11.65 billion, a PE ratio of 31.97 and a beta of 0.13.

Kirin (OTCMKTS:KNBWY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates 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 3.74% and a net margin of 2.30%. As a group, sell-side analysts forecast that Kirin Holdings Co. will post 1.12 earnings per share 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.