Monotaro (OTCMKTS:MONOY) Sees Strong Trading Volume – What’s Next?

Monotaro (OTCMKTS:MONOY – Get Free Report) saw an uptick in trading volume on Monday. 218,389 shares changed hands during trading, an increase of 83% from the average daily volume of 119,460 shares. The stock last traded at $14.1745 and had previously closed at $13.66.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on MONOY

Monotaro Trading Down 0.4%

The business’s 50-day moving average price is $13.00 and its 200-day moving average price is $12.33. The firm has a market capitalization of $7.01 billion, a PE ratio of 30.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.69 and a quick ratio of 2.06.

Monotaro (OTCMKTS:MONOY – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. Monotaro had a net margin of 9.70% and a return on equity of 29.68%. The firm had revenue of $612.94 million during the quarter, compared to the consensus estimate of $614.74 million. As a group, analysts expect that Monotaro will post 0.48 earnings per share for the current fiscal year.

About Monotaro

(Get Free Report)

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.

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