Brother Industries (OTCMKTS:BRTHY) Shares Gap Up – Here’s What Happened

Shares of Brother Industries Ltd. (OTCMKTS:BRTHYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $40.00, but opened at $42.1148. Brother Industries shares last traded at $42.1148, with a volume of 103 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Brother Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Brother Industries currently has an average rating of “Hold”.

Check Out Our Latest Analysis on BRTHY

Brother Industries Price Performance

The company’s 50-day moving average price is $39.06 and its two-hundred day moving average price is $35.89. The company has a market capitalization of $5.38 billion and a P/E ratio of 14.62.

Brother Industries (OTCMKTS:BRTHYGet Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Brother Industries had a return on equity of 7.84% and a net margin of 6.19%. On average, analysts anticipate that Brother Industries Ltd. will post 2.8 earnings per share for the current fiscal year.

Brother Industries Company Profile

(Get Free Report)

Brother Industries, Ltd. is a multinational electronics and electrical equipment company based in Nagoya, Japan. The company specializes in the design, manufacture and sale of a wide range of products including printers, multifunction printers, label printers, sewing and embroidery machines, garment printers, and industrial sewing machines. In addition to hardware, Brother provides related software solutions and support services to help customers optimize their document workflows, improve production efficiency and maintain equipment performance.

Brother’s printer and imaging division offers laser and inkjet models for home, office and industrial use, with features such as wireless connectivity, cloud integration and high-speed printing.

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