Monotaro (OTCMKTS:MONOY) Shares Gap Down – Time to Sell?

Monotaro (OTCMKTS:MONOY)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded 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, the company presently has an average rating of “Hold”.

Monotaro Stock Performance

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 company has a market cap of $7.43 billion, a PE ratio of 29.62 and a beta of 1.02. The business has a fifty day moving average of $14.83 and a 200-day moving average of $15.97.

Monotaro (OTCMKTS:MONOY) last announced its earnings results on Thursday, October 30th. The company reported $0.11 earnings per share for the quarter. The firm 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%. Equities research analysts anticipate that Monotaro will post 0.4 earnings per share for the current fiscal year.

About Monotaro

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.