Monotaro (OTCMKTS:MONOY) Shares Gap Down – Time to Sell?

Monotaro (OTCMKTS:MONOY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.31, but opened at $14.50. Monotaro shares last traded at $15.2140, with a volume of 229,746 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Monotaro to a “neutral” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Monotaro has an average rating of “Hold”.

Monotaro Stock Up 1.5%

The company’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $16.56. The company has a current ratio of 2.88, a quick ratio of 2.24 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.71 billion, a P/E ratio of 30.76 and a beta of 0.98.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.11 earnings per share for the quarter. Monotaro had a net margin of 9.57% and a return on equity of 33.81%. The firm had revenue of $550.48 million during the quarter. Research analysts forecast that Monotaro will post 0.4 earnings per share for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan and internationally. The company offers safety protective equipment, work clothes, and safety shoes; logistics, storage, and packing supplies; tapes; safety, disaster prevention, and crime prevention products; safety signs; ship and fishing supplies; office supplies; office furniture/lighting/cleaning supplies; cutting tools and abrasives; measurement and surveying equipment; hand tools/electric and pneumatic tools; sprays, oils, greases, and paints; adhesives and repair materials; welding supplies; and piping and water related components/pumps/pneumatic and hydraulic equipment/hoses.