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

Shares of Monotaro (OTCMKTS:MONOY) saw unusually-high trading volume on Friday . Approximately 963,355 shares changed hands during mid-day trading, an increase of 682% from the previous session’s volume of 123,221 shares.The stock last traded at $13.64 and had previously closed at $13.50.

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, According to data from MarketBeat, Monotaro currently has an average rating of “Hold”.

Monotaro Price Performance

The stock has a market capitalization of $6.97 billion, a PE ratio of 31.59 and a beta of 1.01. The stock’s 50-day moving average is $14.76 and its 200 day moving average is $15.34. The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $600.38 million during the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.65%. As a group, equities analysts predict that Monotaro will post 0.4 earnings per share for the current 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.