Monotaro (OTCMKTS:MONOY) Sees Large Volume Increase – Should You Buy?

Monotaro (OTCMKTS:MONOY) saw unusually-strong trading volume on Wednesday . 169,693 shares changed hands during trading, an increase of 31% from the previous session’s volume of 129,901 shares.The stock last traded at $12.1540 and had previously closed at $12.15.

Monotaro Trading Down 4.5%

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 market cap of $6.00 billion, a price-to-earnings ratio of 26.27 and a beta of 1.09. The company’s 50 day simple moving average is $11.86 and its two-hundred day simple moving average is $11.74.

Monotaro (OTCMKTS:MONOY) last announced 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 28.73% and a net margin of 9.70%.The business had revenue of $612.94 million during the quarter, compared to analyst estimates of $614.74 million. Research analysts expect that Monotaro will post 0.48 EPS 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.