Monotaro (OTCMKTS:MONOY) Sees Large Volume Increase – Here’s Why

Monotaro (OTCMKTS:MONOY) saw an uptick in trading volume on Friday . 963,355 shares were traded during trading, an increase of 682% from the previous session’s volume of 123,221 shares.The stock last traded at $13.64 and had previously closed at $13.50.

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 report on Sunday, December 14th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Monotaro currently has an average rating of “Hold”.

Monotaro Stock Down 0.2%

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 firm has a 50 day moving average of $14.78 and a two-hundred day moving average of $15.39. The stock has a market capitalization of $6.96 billion, a PE ratio of 31.56 and a beta of 1.01.

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