Brother Industries (OTCMKTS:BRTHY) Shares Gap Up – Still a Buy?

Brother Industries Ltd. (OTCMKTS:BRTHY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $38.5895, but opened at $40.00. Brother Industries shares last traded at $40.00, with a volume of 126 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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, Based on data from MarketBeat, Brother Industries has a consensus rating of “Hold”.

Brother Industries Price Performance

The company has a market cap of $5.11 billion, a P/E ratio of 13.89 and a beta of 0.01. The business’s 50 day moving average price is $37.98 and its 200-day moving average price is $35.50.

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

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.