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

Brother Industries Ltd. (OTCMKTS:BRTHY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $43.89, but opened at $40.2408. Brother Industries shares last traded at $40.2408, with a volume of 150 shares.

Brother Industries Stock Performance

The firm’s 50 day simple moving average is $40.86 and its 200-day simple moving average is $37.04. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 13.97 and a beta of 0.02.

Brother Industries (OTCMKTS:BRTHY) last issued its earnings results on Monday, November 10th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The business 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 7.84% and a net margin of 6.19%. As a group, equities analysts anticipate 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.