Monotaro (OTCMKTS:MONOY) Shares Gap Up – Time to Buy?

Monotaro (OTCMKTS:MONOY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $12.0010, but opened at $12.80. Monotaro shares last traded at $12.2480, with a volume of 763 shares.

Monotaro Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.88. The business has a 50 day moving average price of $11.65 and a 200 day moving average price of $12.03. The stock has a market capitalization of $6.10 billion, a PE ratio of 26.74 and a beta of 1.09.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $612.94 million during the quarter, compared to analyst estimates of $614.74 million. Monotaro had a return on equity of 28.73% and a net margin of 9.70%. As a group, equities research analysts expect that Monotaro will post 0.48 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.