Monotaro (OTCMKTS:MONOY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Monotaro (OTCMKTS:MONOY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.65 and traded as low as $11.36. Monotaro shares last traded at $11.37, with a volume of 75,746 shares.

Monotaro Stock Down 2.0%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 2.30. The stock has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.90. The company has a market cap of $5.64 billion, a P/E ratio of 24.72 and a beta of 1.09.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter. Monotaro had a net margin of 9.70% and a return on equity of 28.73%. The company had revenue of $612.94 million during the quarter, compared to the consensus estimate of $614.74 million. Research analysts expect that Monotaro will post 0.48 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.