Brother Industries (OTCMKTS:BRTHY) Shares Gap Down - Here's What Happened

Key Points

• Brother Industries shares gapped down from $35.00 to $33.50 before the market opened on Monday, trading at a volume of 250 shares.
• Zacks Research upgraded Brother Industries from a "strong sell" to a "hold" rating, reflecting a current average analyst rating of "Hold" for the stock.
• The company's quarterly earnings reported a miss, with an EPS of $0.64 against expectations of $0.85, highlighting a revenue shortfall of $1.45 billion compared to projections of $212.05 billion.

Brother Industries Ltd. (OTCMKTS:BRTHY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $35.00, but opened at $33.50. Brother Industries shares last traded at $33.50, with a volume of 250 shares.

Analysts Set New Price Targets

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

Brother Industries Price Performance

The firm's 50-day moving average is $34.24 and its two-hundred day moving average is $34.24. The company has a market cap of $4.28 billion, a P/E ratio of 12.84 and a beta of 0.27.

Brother Industries (OTCMKTS:BRTHY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.21). The firm 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%. As a group, sell-side 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.

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