Brother Industries (OTCMKTS:BRTHY) Sees Strong Trading Volume - Here's Why

Key Points

• Brother Industries' shares experienced a significant surge in trading volume, increasing by 242% to 5,100 shares on Friday, with the stock last trading at $35.50.
• Zacks Research upgraded Brother Industries from a "strong sell" to a "hold" rating, aligning with an average rating of "hold" across analysts.
• The company reported $0.64 earnings per share for the quarter, missing analyst estimates of $0.85 by $0.21, with a net margin of 5.71% and a return on equity of 7.24%.

Brother Industries Ltd. (OTCMKTS:BRTHY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 5,100 shares were traded during trading, an increase of 242% from the previous session's volume of 1,491 shares.The stock last traded at $35.50 and had previously closed at $34.31.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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, According to MarketBeat.com, Brother Industries has an average rating of "Hold".

Brother Industries Price Performance

The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 13.60 and a beta of 0.27. The business has a 50 day simple moving average of $34.30 and a 200-day simple moving average of $34.07.

Brother Industries (OTCMKTS:BRTHY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.21). Brother Industries had a net margin of 5.71% and a return on equity of 7.24%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $212.05 billion. As a group, equities analysts predict 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.

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