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

Brother Industries Ltd. (OTCMKTS:BRTHY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $41.00, but opened at $38.65. Brother Industries shares last traded at $38.65, with a volume of 244 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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, Brother Industries currently has a consensus rating of “Hold”.

Brother Industries Stock Performance

The stock has a fifty day simple moving average of $35.65 and a 200-day simple moving average of $34.56. The stock has a market cap of $5.27 billion, a P/E ratio of 15.79 and a beta of 0.25.

Brother Industries (OTCMKTS:BRTHY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Brother Industries had a return on equity of 7.24% and a net margin of 5.71%. On average, research analysts anticipate that Brother Industries Ltd. will post 2.8 earnings per share for the current year.

Brother Industries Company Profile

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing & Solutions, Machinery, Domino, Nissei, Personal & Home, and Network & Contents segments.