Monotaro (OTCMKTS:MONOY) Shares Gap Down - Here's Why

Key Points

• MONOY shares gapped down — the stock opened at $10.97 after a $11.58 close, last traded at $11.3375 on volume of 60,128 and was down about 1.5%.
• Analyst action — Goldman Sachs upgraded Monotaro from "strong sell" to "hold" on Dec. 14, and MarketBeat shows an average rating of "Hold."
• Recent results and valuation — Monotaro reported $0.12 EPS on $600.38M revenue, has a trailing P/E of 25.93 and a market cap around $5.72B, with sell-side forecasts of roughly 0.4 EPS for the fiscal year.

Monotaro (OTCMKTS:MONOY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.58, but opened at $10.97. Monotaro shares last traded at $11.3375, with a volume of 60,128 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Monotaro from a "strong sell" rating to a "hold" rating in a research report on Sunday, December 14th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Monotaro has an average rating of "Hold".

Monotaro Stock Down 1.5%

The stock has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $13.72. The firm has a market cap of $5.72 billion, a PE ratio of 25.93 and a beta of 1.08. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.12 earnings per share for the quarter. Monotaro had a return on equity of 28.03% and a net margin of 9.72%.The firm had revenue of $600.38 million during the quarter. Sell-side analysts predict that Monotaro will post 0.4 EPS for the current fiscal 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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