Monotaro (OTCMKTS:MONOY) Stock Jumps 6.7% – Should You Buy?

Monotaro (OTCMKTS:MONOY) was up 6.7% on Tuesday. The company traded as high as $15.15 and last traded at $15.15. 38,874 shares traded hands during trading, a decline of 67% from the average daily volume of 118,425 shares. The stock had previously closed at $14.20.

Wall Street Analyst Weigh In

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

Monotaro Trading Up 0.6%

The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 31.88 and a beta of 1.16. The company has a quick ratio of 2.06, a current ratio of 2.69 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $13.33 and its two-hundred day simple moving average is $12.33.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter. Monotaro had a return on equity of 30.25% and a net margin of 9.71%. The business had revenue of $590.93 million for the quarter, compared to the consensus estimate of $592.21 million. As a group, research analysts anticipate that Monotaro will post 0.48 earnings per share for the current fiscal year.

Monotaro Company Profile

MonotaRO Co., Ltd. operates an e-commerce business that supplies maintenance, repair and operations (MRO) products and other indirect materials to businesses. Its online store offers products such as tools, machine parts, safety equipment, automotive maintenance supplies and workplace items. The company serves customers across a range of industries, including manufacturing, construction and automotive services, primarily in Japan. Its online sales model helps businesses source a broad range of supplies through a single platform.