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

Monotaro (OTCMKTS:MONOY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $14.29, but opened at $13.59. Monotaro shares last traded at $13.59, with a volume of 286 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Monotaro from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Monotaro currently has an average rating of “Buy”.

Monotaro Stock Down 1.5%

The company has a current ratio of 2.69, a quick ratio of 2.06 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $12.36. The firm has a market capitalization of $6.99 billion, a P/E ratio of 30.63 and a beta of 1.13.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. The firm had revenue of $612.94 million for the quarter, compared to the consensus estimate of $614.74 million. Monotaro had a net margin of 9.70% and a return on equity of 29.68%. On average, equities analysts predict that Monotaro will post 0.48 EPS for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd. is a Japan-based business-to-business e-commerce company that sells maintenance, repair and operations (MRO) supplies. Its online marketplace serves businesses, government organizations and professional users seeking products for workplaces, factories, construction sites, vehicle maintenance and other commercial applications.

The company offers a broad range of products, including tools, safety equipment, industrial components, automotive maintenance supplies, office and packaging products, cleaning materials, and construction-related goods.