Monotaro (OTCMKTS:MONOY) Shares Gap Up – Should You Buy?

Monotaro (OTCMKTS:MONOY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.32, but opened at $13.51. Monotaro shares last traded at $12.82, with a volume of 3,379 shares traded.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Monotaro currently has an average rating of “Hold”.

Monotaro Price Performance

The company’s 50 day simple moving average is $14.05 and its 200 day simple moving average is $14.60. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.46 billion, a PE ratio of 29.30 and a beta of 0.99.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.12 earnings per share for the quarter. The company had revenue of $600.38 million for the quarter. Monotaro had a return on equity of 28.03% and a net margin of 9.72%. On average, equities analysts anticipate 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.