Monotaro (OTCMKTS:MONOY) Shares Gap Up – Still a Buy?

Monotaro (OTCMKTS:MONOY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.33, but opened at $15.8650. Monotaro shares last traded at $15.7940, with a volume of 99,615 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Monotaro from a “strong sell” rating to a “hold” rating in a research report on Sunday, December 14th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Monotaro Stock Up 2.1%

The business has a fifty day moving average price of $14.08 and a two-hundred day moving average price of $16.43. The firm has a market cap of $7.85 billion, a PE ratio of 31.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 2.24.

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

Monotaro Company Profile

Monotaro Co, Ltd., trading on the OTC Market under the symbol MONOY, is a Japan-based e-commerce platform specializing in maintenance, repair and operations (MRO) supplies. Founded in 2000 as a subsidiary of IT Holdings Co, the company offers a broad assortment of industrial products including tools, safety gear, fasteners, electrical components and work-site consumables tailored to small and medium-sized enterprises, contractors and facility managers.

Through its online marketplaces in Japan and a regional subsidiary in Singapore, Monotaro provides access to several million stock-keeping units (SKUs), supported by streamlined procurement processes, competitive pricing and logistics capabilities designed to deliver same- or next-day shipment.