Brother Industries (OTCMKTS:BRTHY) Shares Gap Down – Should You Sell?

Shares of Brother Industries Ltd. (OTCMKTS:BRTHY) gapped down prior to trading on Monday . The stock had previously closed at $41.00, but opened at $38.65. Brother Industries shares last traded at $38.65, with a volume of 244 shares trading hands.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Brother Industries Trading Down 5.7%

The company has a 50 day moving average of $35.42 and a 200-day moving average of $34.49. The firm has a market capitalization of $4.94 billion, a P/E ratio of 14.81 and a beta of 0.25.

Brother Industries (OTCMKTS:BRTHY) last released its earnings results on Monday, November 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.37 billion. Brother Industries had a return on equity of 7.24% and a net margin of 5.71%. As a group, sell-side analysts forecast that Brother Industries Ltd. will post 2.8 EPS for the current fiscal year.

About Brother Industries

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.