Monotaro (OTCMKTS:MONOY) Shares Up 2.8% – Here’s Why

Monotaro (OTCMKTS:MONOY) shares shot up 2.8% on Friday . The stock traded as high as $16.76 and last traded at $16.18. 18,277 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 106,528 shares. The stock had previously closed at $15.74.

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 research report on Sunday, December 14th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Monotaro Stock Up 3.0%

The firm has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $16.39. The company has a market capitalization of $8.13 billion, a P/E ratio of 32.42 and a beta of 0.98. The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $550.48 million during the quarter. Monotaro had a net margin of 9.57% and a return on equity of 33.81%. Equities research 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.