Kirin (OTCMKTS:KNBWY) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Kirin shares passed above its 50‑day moving average (50‑day MA $16.30), trading as high as $16.9080 and last at $16.83 on a volume of 40,082 shares.
• The company posted an earnings beat with Q‑quarter EPS of $0.36 versus $0.30 expected and revenue of $4.44B versus $4.22B, and it has a market cap of $13.63B with a P/E of 13.8.
• Wall Street Zen cut its rating on Kirin from "buy" to "hold," signaling some analyst caution despite the recent technical and earnings strength.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.30 and traded as high as $16.9080. Kirin shares last traded at $16.83, with a volume of 40,082 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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 $13.63 billion, a price-to-earnings ratio of 13.80 and a beta of -0.06. The stock has a 50-day moving average price of $16.30 and a 200-day moving average price of $15.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 0.93.

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