Monotaro (OTCMKTS:MONOY) Shares Gap Down – What’s Next?

Monotaro (OTCMKTS:MONOY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.43, but opened at $14.75. Monotaro shares last traded at $14.80, with a volume of 1,845 shares.

Wall Street Analysts Forecast Growth

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

Monotaro Price Performance

The firm has a fifty day moving average price of $14.86 and a two-hundred day moving average price of $15.91. The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.14 billion, a P/E ratio of 28.48 and a beta of 1.02.

Monotaro (OTCMKTS:MONOY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.11 EPS for the quarter. The company had revenue of $550.48 million for the quarter. Monotaro had a net margin of 9.57% and a return on equity of 33.81%. On average, analysts expect 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.