Brady Co. (NYSE:BRC – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 473,800 shares, an increase of 11.5% from the July 15th total of 424,900 shares. Based on an average trading volume of 223,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.1% of the company’s shares are sold short.
Brady Trading Up 0.6 %
NYSE BRC traded up $0.40 during mid-day trading on Monday, reaching $72.88. 50,263 shares of the stock were exchanged, compared to its average volume of 283,931. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 2.06. The stock has a market capitalization of $3.46 billion, a PE ratio of 18.49, a PEG ratio of 2.12 and a beta of 0.77. Brady has a 1-year low of $48.60 and a 1-year high of $73.00. The business’s fifty day simple moving average is $68.01 and its 200 day simple moving average is $63.25.
Brady (NYSE:BRC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. Brady’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. On average, research analysts anticipate that Brady will post 4.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Brady
About Brady
Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.
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