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

Monotaro (OTCMKTS:MONOY) saw unusually-high trading volume on Monday. Approximately 218,389 shares changed hands during trading, an increase of 83% from the average daily volume of 119,460 shares. The stock last traded at $14.1745 and had previously closed at $13.66.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Monotaro from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Monotaro Stock Down 0.9%

The stock has a fifty day moving average price of $13.11 and a 200 day moving average price of $12.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.69 and a quick ratio of 2.06. The stock has a market capitalization of $6.92 billion, a P/E ratio of 30.33 and a beta of 1.16.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter. Monotaro had a return on equity of 29.68% and a net margin of 9.70%. The company had revenue of $612.94 million for the quarter, compared to analyst estimates of $614.74 million. On average, research analysts forecast that Monotaro will post 0.48 earnings per share for the current year.

About Monotaro

MonotaRO Co, Ltd. is a Japan-based business-to-business e-commerce company that sells maintenance, repair and operations (MRO) supplies. Its online marketplace serves businesses, government organizations and professional users seeking products for workplaces, factories, construction sites, vehicle maintenance and other commercial applications.

The company offers a broad range of products, including tools, safety equipment, industrial components, automotive maintenance supplies, office and packaging products, cleaning materials, and construction-related goods.