Monotaro (OTCMKTS:MONOY) Sees Large Volume Increase – What’s Next?

Monotaro (OTCMKTS:MONOY) saw strong trading volume on Wednesday . 361,776 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 154,733 shares.The stock last traded at $10.75 and had previously closed at $10.75.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Monotaro from a “strong sell” rating to a “hold” rating in a report on Sunday, December 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Monotaro Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.88. The stock has a 50 day simple moving average of $12.79 and a two-hundred day simple moving average of $13.92. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 24.52 and a beta of 1.00.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.12 EPS for the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.03%. The company had revenue of $600.38 million for the quarter. On average, equities research analysts predict that Monotaro will post 0.4 earnings per share for the current fiscal year.

Monotaro Company Profile

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.