Monotaro (OTCMKTS:MONOY) Sees Strong Trading Volume – Here’s Why

Shares of Monotaro (OTCMKTS:MONOY) saw unusually-high trading volume on Monday . Approximately 435,116 shares were traded during trading, an increase of 300% from the previous session’s volume of 108,883 shares.The stock last traded at $16.18 and had previously closed at $16.2550.

Analysts Set New Price Targets

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

Monotaro Price Performance

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 stock has a market cap of $8.11 billion, a PE ratio of 32.36 and a beta of 0.98. The stock has a 50 day moving average of $14.33 and a two-hundred day moving average of $16.32.

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