Monotaro (OTCMKTS:MONOY) Sees Large Volume Increase – What’s Next?

Monotaro (OTCMKTS:MONOY) shares saw unusually-high trading volume on Thursday . Approximately 815,227 shares traded hands during mid-day trading, an increase of 393% from the previous session’s volume of 165,237 shares.The stock last traded at $11.85 and had previously closed at $11.71.

Monotaro Stock Up 3.3%

The firm’s 50-day moving average price is $11.67 and its 200 day moving average price is $13.39. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 27.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.88.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.12 EPS for the quarter. The business had revenue of $600.38 million for the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.03%. Sell-side analysts expect that Monotaro will post 0.49 EPS for the current year.

Monotaro Company Profile

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.