Monotaro (OTCMKTS:MONOY) Shares Gap Down – Here’s Why

Shares of Monotaro (OTCMKTS:MONOY) gapped down prior to trading on Tuesday . The stock had previously closed at $14.08, but opened at $12.83. Monotaro shares last traded at $12.8225, with a volume of 5,327 shares.

Analysts Set New Price Targets

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

Monotaro Stock Performance

The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 29.25 and a beta of 1.02. The company’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $15.13. The company has a quick ratio of 2.24, a current ratio of 2.88 and a debt-to-equity ratio of 0.11.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.12 earnings per share for the quarter. The business had revenue of $600.38 million during the quarter. Monotaro had a return on equity of 28.65% and a net margin of 9.72%. Analysts predict that Monotaro will post 0.4 EPS 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.