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

Key Points

• Kirin Holdings Co.'s share price recently surpassed its 50-day moving average of $14.69, reaching a high of $15.23 during trading.
• The company reported earnings of $0.24 per share for the last quarter, which was below analysts' expectations of $0.28.
• Kirin has a market capitalization of $11.93 billion and a PE ratio of 32.73, indicating moderate growth relative to its earnings.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.69 and traded as high as $15.23. Kirin shares last traded at $14.73, with a volume of 24,723 shares.

Kirin Stock Performance

The firm has a 50 day moving average of $14.69 and a 200-day moving average of $14.41. The stock has a market capitalization of $11.93 billion, a PE ratio of 32.73 and a beta of 0.13. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Kirin had a return on equity of 3.75% and a net margin of 2.30%.The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $608.48 billion. Research 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.

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