Monotaro (OTCMKTS:MONOY) Sets New 52-Week High – Should You Buy?

Monotaro (OTCMKTS:MONOY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $1,575.6978 and last traded at $1,575.6978, with a volume of 154428 shares changing hands. The stock had previously closed at $15.43.

Analyst Upgrades and Downgrades

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

Monotaro Stock Up 1.1%

The company has a current ratio of 2.88, a quick ratio of 2.24 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $14.86 and its 200 day moving average price is $15.91. The company has a market capitalization of $7.22 billion, a P/E ratio of 28.80 and a beta of 1.02.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $550.48 million during the quarter. Monotaro had a net margin of 9.57% and a return on equity of 33.81%. As a group, 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.