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

Monotaro (OTCMKTS:MONOY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $11.58, but opened at $10.97. Monotaro shares last traded at $11.3375, with a volume of 60,128 shares changing hands.

Wall Street Analysts Forecast Growth

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

Monotaro Stock Performance

The stock has a market cap of $5.72 billion, a P/E ratio of 25.93 and a beta of 1.08. The company has a quick ratio of 1.88, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $13.72.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $600.38 million during the quarter. Monotaro had a return on equity of 28.03% and a net margin of 9.72%. On average, sell-side analysts forecast 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.