Brother Industries (OTCMKTS:BRTHY) Shares Gap Up – Time to Buy?

Brother Industries Ltd. (OTCMKTS:BRTHY) shares 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.

Wall Street Analysts Forecast Growth

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

Brother Industries Stock Down 0.2%

The stock has a market cap of $5.38 billion and a P/E ratio of 14.62. The company has a 50-day simple moving average of $38.66 and a two-hundred day simple moving average of $35.78.

Brother Industries (OTCMKTS:BRTHY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.52 billion during 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, sell-side analysts forecast that Brother Industries Ltd. will post 2.8 earnings per share for the current fiscal 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.