Brother Industries (OTCMKTS:BRTHY) Shares Up 16.9% – Here’s Why

Brother Industries Ltd. (OTCMKTS:BRTHY) shares shot up 16.9% during mid-day trading on Monday . The company traded as high as $43.00 and last traded at $43.00. 103 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 167 shares. The stock had previously closed at $36.7950.

Brother Industries Trading Up 9.4%

The stock’s 50-day moving average is $37.72 and its 200-day moving average is $38.89. The stock has a market cap of $5.65 billion, a P/E ratio of 15.35 and a beta of 0.08.

Brother Industries Company Profile

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.