Monotaro (OTCMKTS:MONOY) Releases Quarterly Earnings Results

Monotaro (OTCMKTS:MONOY) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, Zacks reports. Monotaro had a return on equity of 29.68% and a net margin of 9.70%. The business had revenue of $590.93 million during the quarter, compared to the consensus estimate of $592.21 million.

Monotaro Stock Performance

Shares of MONOY traded up $0.85 during trading hours on Thursday, reaching $14.86. 10,700 shares of the company traded hands, compared to its average volume of 118,698. The stock’s fifty day moving average is $13.15 and its 200 day moving average is $12.32. The stock has a market cap of $7.37 billion, a P/E ratio of 32.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.06 and a current ratio of 2.69. Monotaro has a 1-year low of $10.26 and a 1-year high of $16.76.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Monotaro from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.