Kirin (OTCMKTS:KNBWY) Shares Up 5.4% - Here's Why

Key Points

• Kirin Holdings Co. shares increased by 5.4% to $15.25, despite a significant drop in trading volume, with only 3,574 shares traded compared to the daily average of 66,840.
• The company's quarterly earnings missed expectations, reporting $0.24 earnings per share against a forecast of $0.28, with revenue of $4.01 billion versus an estimated $608.48 billion.
• Kirin has a market cap of $12.42 billion and a debt-to-equity ratio of 0.58, reflecting its financial stability in the food and beverage sector.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) shot up 5.4% on Tuesday . The stock traded as high as $15.25 and last traded at $15.25. 3,574 shares changed hands during trading, a decline of 95% from the average session volume of 66,840 shares. The stock had previously closed at $14.47.

Kirin Trading Up 1.9%

The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $14.07 and a two-hundred day moving average of $14.23. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 34.16 and a beta of 0.13.

Kirin (OTCMKTS:KNBWY - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $608.48 billion. Kirin had a return on equity of 3.75% and a net margin of 2.30%. On average, research analysts expect that Kirin Holdings Co. will post 1.12 EPS 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.