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

Brother Industries Ltd. (OTCMKTS:BRTHY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $41.20, but opened at $38.5895. Brother Industries shares last traded at $38.5895, with a volume of 134 shares traded.

Wall Street Analyst Weigh In

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

Brother Industries Stock Down 6.3%

The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 13.40 and a beta of 0.25. The company’s 50 day moving average is $36.29 and its 200 day moving average is $34.81.

Brother Industries (OTCMKTS:BRTHY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Brother Industries had a net margin of 6.19% and a return on equity of 7.91%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts expect that Brother Industries Ltd. will post 2.8 EPS 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.