Brother Industries (OTCMKTS:BRTHY) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Brother Industries' shares crossed above the 50-day moving average at $34.22, reaching a high of $35.75 during recent trading.
• Zacks Research upgraded Brother Industries from a "strong sell" to a "hold" rating, and the stock currently has a consensus rating of "Hold".
• The company reported $0.64 earnings per share, missing analyst expectations, with revenue totaling $1.45 billion for the quarter.

Brother Industries Ltd. (OTCMKTS:BRTHY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $34.22 and traded as high as $35.75. Brother Industries shares last traded at $35.75, with a volume of 105 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Brother Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brother Industries currently has a consensus rating of "Hold".

Brother Industries Price Performance

The stock has a market cap of $4.57 billion, a P/E ratio of 13.70 and a beta of 0.27. The stock's 50-day moving average is $34.22 and its two-hundred day moving average is $34.05.

Brother Industries (OTCMKTS:BRTHY - Get Free Report) last released its quarterly 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). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $212.05 billion. Brother Industries had a net margin of 5.71% and a return on equity of 7.24%. On average, analysts anticipate that Brother Industries Ltd. will post 2.8 EPS for the current fiscal 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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