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

Shares of Monotaro (OTCMKTS:MONOY) saw unusually-high trading volume on Friday . Approximately 963,355 shares changed hands during mid-day trading, an increase of 682% from the previous session’s volume of 123,221 shares.The stock last traded at $13.64 and had previously closed at $13.50.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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, the stock has an average rating of “Hold”.

Monotaro Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.24 and a current ratio of 2.88. The business’s fifty day moving average price is $14.78 and its two-hundred day moving average price is $15.39. The stock has a market capitalization of $6.96 billion, a P/E ratio of 31.56 and a beta of 1.01.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $600.38 million for the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.65%. As a group, sell-side analysts forecast that Monotaro will post 0.4 earnings per share for the current 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.