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

Brother Industries Ltd. (OTCMKTS:BRTHY) gapped up prior to trading on Monday . The stock had previously closed at $36.55, but opened at $41.00. Brother Industries shares last traded at $41.00, with a volume of 247 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Brother Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Brother Industries Price Performance

The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 15.71 and a beta of 0.25. The firm has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $34.30.

Brother Industries (OTCMKTS:BRTHY) last released its earnings results 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 company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brother Industries had a net margin of 5.71% and a return on equity of 7.24%. Equities analysts anticipate that Brother Industries Ltd. will post 2.8 earnings per share for the current fiscal year.

Brother Industries Company Profile

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing & Solutions, Machinery, Domino, Nissei, Personal & Home, and Network & Contents segments.