Monotaro (OTCMKTS:MONOY) Shares Gap Down – Here’s What Happened

Monotaro (OTCMKTS:MONOY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.40, but opened at $13.87. Monotaro shares last traded at $13.85, with a volume of 2,426 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Monotaro from a “strong sell” rating to a “hold” rating in a report on Sunday, December 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Monotaro currently has a consensus rating of “Hold”.

Monotaro Price Performance

The company’s 50 day simple moving average is $14.83 and its 200-day simple moving average is $15.75. 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 capitalization of $6.99 billion, a price-to-earnings ratio of 27.90 and a beta of 1.02.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Thursday, October 30th. The company reported $0.11 earnings per share for the quarter. Monotaro had a return on equity of 33.81% and a net margin of 9.57%.The firm had revenue of $550.48 million for the quarter. On average, equities research analysts predict 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.