Monotaro (OTCMKTS:MONOY) Sets New 52-Week High – Time to Buy?

Monotaro (OTCMKTS:MONOY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $1,575.6978 and last traded at $1,575.6978, with a volume of 154428 shares trading hands. The stock had previously closed at $15.43.

Wall Street Analysts Forecast Growth

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

Monotaro Price Performance

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 company’s 50 day moving average is $14.86 and its 200-day moving average is $15.94. The stock has a market cap of $7.12 billion, a PE ratio of 28.41 and a beta of 1.02.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.11 EPS for the quarter. The business had revenue of $550.48 million during the quarter. Monotaro had a return on equity of 33.81% and a net margin of 9.57%. As a group, sell-side analysts predict that Monotaro will post 0.4 earnings per share for the current year.

About Monotaro

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.