Brother Industries (OTCMKTS:BRTHY) Shares Gap Up – What’s Next?

Brother Industries Ltd. (OTCMKTS:BRTHY) gapped up before the market opened 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.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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 an average rating of “Hold”.

Brother Industries Price Performance

The stock has a market cap of $5.11 billion and a P/E ratio of 13.89. The business’s fifty day moving average price is $38.18 and its 200 day moving average price is $35.56.

Brother Industries (OTCMKTS:BRTHY) last posted its earnings results on Monday, November 10th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Brother Industries had a net margin of 6.19% and a return on equity of 7.84%. On average, analysts predict 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.