Brother Industries (OTCMKTS:BRTHY) Sets New 12-Month High – Here’s Why

Brother Industries Ltd. (OTCMKTS:BRTHY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $43.89 and last traded at $43.89, with a volume of 256 shares changing hands. The stock had previously closed at $42.20.

Brother Industries Price Performance

The stock’s 50 day simple moving average is $39.68 and its two-hundred day simple moving average is $36.06. The company has a market capitalization of $5.61 billion and a P/E ratio of 15.24.

Brother Industries (OTCMKTS:BRTHY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.37 billion. Brother Industries had a return on equity of 7.84% and a net margin of 6.19%. As a group, equities research analysts expect that Brother Industries Ltd. will post 2.8 earnings per share for the current year.

About Brother Industries

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.