Monotaro (OTCMKTS:MONOY) Sees Strong Trading Volume - What's Next?

Key Points

• Shares of Monotaro saw a trading volume surge to 603,660 shares, a 277% increase from the prior session, with the stock last trading at $11.25 (down about 1.2%).
• The Goldman Sachs Group upgraded Monotaro from a "strong sell" to a "hold", and the stock carries a consensus Hold rating from two analysts.
• In its most recent quarter Monotaro reported $0.12 EPS on $600.38 million of revenue; the company has a market cap of about $5.66 billion and a P/E near 25.6.

Shares of Monotaro (OTCMKTS:MONOY - Get Free Report) saw an uptick in trading volume on Monday . 603,660 shares were traded during trading, an increase of 277% from the previous session's volume of 159,974 shares.The stock last traded at $11.25 and had previously closed at $11.42.

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 investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Monotaro Trading Down 1.2%

The company has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $13.65. 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 stock has a market capitalization of $5.66 billion, a P/E ratio of 25.64 and a beta of 1.08.

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

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