Monotaro (OTCMKTS:MONOY) Shares Gap Down – Here’s Why

Shares of Monotaro (OTCMKTS:MONOY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.69, but opened at $15.0901. Monotaro shares last traded at $15.69, with a volume of 23,984 shares.

Wall Street Analyst Weigh In

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

Monotaro Price Performance

The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average price is $14.14 and its 200 day moving average price is $16.40. The company has a market capitalization of $7.87 billion, a P/E ratio of 31.41 and a beta of 0.98.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Thursday, October 30th. The company reported $0.11 EPS 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 for the quarter. As a group, sell-side analysts forecast that Monotaro will post 0.4 EPS for the current 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.