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

Monotaro (OTCMKTS:MONOY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.69, but opened at $15.0901. Monotaro shares last traded at $15.69, with a volume of 23,984 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Monotaro from a “strong sell” rating to a “hold” rating in a report on Sunday, December 14th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Monotaro Trading Up 0.3%

The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $14.26 and a 200-day moving average price of $16.39. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 31.48 and a beta of 0.98.

Monotaro (OTCMKTS:MONOY) last announced its earnings results on Thursday, October 30th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $550.48 million during the quarter. Monotaro had a return on equity of 33.81% and a net margin of 9.57%. Research analysts predict that Monotaro will post 0.4 EPS for the current fiscal 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.