Monotaro (OTCMKTS:MONOY) Shares Gap Up – What’s Next?

Monotaro (OTCMKTS:MONOY) gapped up prior to trading on Thursday. The stock had previously closed at $12.31, but opened at $12.85. Monotaro shares last traded at $12.7480, with a volume of 67,738 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Monotaro from a “neutral” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Monotaro Stock Performance

The company has a market cap of $6.33 billion, a PE ratio of 27.74 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.06 and a current ratio of 2.69. The stock’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $11.71.

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

About Monotaro

MonotaRO Co, Ltd. is a Japan-based e-commerce company that supplies maintenance, repair and operations (MRO) products to businesses and individual customers. Through its online platform, the company offers a broad selection of industrial supplies, tools, equipment and consumables.

Its product categories include hand and power tools, safety equipment, automotive maintenance products, manufacturing and construction supplies, office and facility-maintenance goods, cleaning products, and agricultural materials.