Monotaro (OTCMKTS:MONOY) Shares Gap Up – Should You Buy?

Monotaro (OTCMKTS:MONOY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $12.67, but opened at $13.25. Monotaro shares last traded at $13.25, with a volume of 1,516 shares trading hands.

Analyst Upgrades and Downgrades

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

Monotaro Price Performance

The stock has a 50 day moving average of $14.59 and a 200-day moving average of $15.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.24 and a current ratio of 2.88. The company has a market cap of $6.70 billion, a PE ratio of 30.36 and a beta of 1.01.

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