MONOTARO (OTCMKTS:MONOY) Sees Strong Trading Volume - Here's Why

Key Points

• Monotaro experienced a trading volume spike of 162% on Tuesday, with approximately 177,416 shares traded, compared to 67,817 shares the previous session.
• Jefferies Financial Group upgraded Monotaro from an underperform rating to a hold rating, with the current consensus rating also at "Hold."
• The company reported a net margin of 9.36% and a return on equity of 33.81% in its latest earnings report, falling short of revenue estimates.

MONOTARO (OTCMKTS:MONOY - Get Free Report) saw an uptick in trading volume on Tuesday . 177,416 shares were traded during mid-day trading, an increase of 162% from the previous session's volume of 67,817 shares.The stock last traded at $15.94 and had previously closed at $16.24.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised MONOTARO from an "underperform" rating to a "hold" rating in a research report on Friday, June 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

MONOTARO Stock Down 2.3%

The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $18.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.14 and a current ratio of 2.72.

MONOTARO (OTCMKTS:MONOY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter. MONOTARO had a return on equity of 33.81% and a net margin of 9.36%.The firm had revenue of $561.57 million during the quarter, compared to analyst estimates of $567.49 million. Equities analysts expect that MONOTARO will post 0.4 earnings per share for the current fiscal year.

MONOTARO Company Profile

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan and internationally. The company offers safety protective equipment, work clothes, and safety shoes; logistics, storage, and packing supplies; tapes; safety, disaster prevention, and crime prevention products; safety signs; ship and fishing supplies; office supplies; office furniture/lighting/cleaning supplies; cutting tools and abrasives; measurement and surveying equipment; hand tools/electric and pneumatic tools; sprays, oils, greases, and paints; adhesives and repair materials; welding supplies; and piping and water related components/pumps/pneumatic and hydraulic equipment/hoses.