Brother Industries (OTCMKTS:BRTHY) Shares Gap Up on Strong Earnings

Brother Industries Ltd. (OTCMKTS:BRTHY)’s share price gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $47.20, but opened at $54.11. Brother Industries shares last traded at $54.11, with a volume of 1,030 shares changing hands.

The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $1.38.

Brother Industries Trading Up 14.6%

The stock’s 50-day moving average is $46.62 and its 200-day moving average is $42.27. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 18.79 and a beta of 0.14.

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.