Brother Industries (OTCMKTS:BRTHY) Hits New 12-Month High – Here’s Why

Brother Industries Ltd. (OTCMKTS:BRTHY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $39.60 and last traded at $39.60, with a volume of 679 shares trading hands. The stock had previously closed at $36.55.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Brother Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Brother Industries Price Performance

The business’s fifty day simple moving average is $34.29 and its 200 day simple moving average is $34.09. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 15.17 and a beta of 0.25.

Brother Industries (OTCMKTS:BRTHY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Brother Industries had a net margin of 5.71% and a return on equity of 7.24%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts forecast 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.