Brother Industries (OTCMKTS:BRTHY) Shares Gap Down – Here’s What Happened

Brother Industries Ltd. (OTCMKTS:BRTHY – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $59.84, but opened at $49.39. Brother Industries shares last traded at $49.39, with a volume of 197 shares traded.

Brother Industries Price Performance

The business has a 50 day moving average price of $59.22 and a two-hundred day moving average price of $47.85. The stock has a market cap of $6.18 billion, a PE ratio of 12.86 and a beta of 0.32.

Brother Industries (OTCMKTS:BRTHY – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.22. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion.

About Brother Industries

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Brother Industries is a Japan-based manufacturer of office equipment, printing products and machinery. The company’s products include printers, multifunction devices, scanners and label printers, as well as sewing and embroidery machines for home and industrial use. Brother also makes industrial equipment, including machine tools and industrial sewing machines, and provides related services and supplies. Its products are sold to consumers and businesses through a global network serving markets in Japan, the Americas, Europe and Asia.

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