Monotaro (OTCMKTS:MONOY) Shares Gap Down - Time to Sell?

Key Points

• Monotaro's shares gapped down from a previous close of $18.02 to open at $17.55, with the latest trading price at $17.56.
• Analysts at Jefferies Financial Group upgraded Monotaro's rating from "underperform" to "hold" as of June 13th.
• The company reported a 9.36% net margin and $561.57 million in revenue for the last quarter, falling short of analysts' expectations of $567.49 million.

Monotaro (OTCMKTS:MONOY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $18.02, but opened at $17.55. Monotaro shares last traded at $17.56, with a volume of 36,190 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Monotaro from an "underperform" rating to a "hold" rating in a report on Friday, June 13th.

Monotaro Price Performance

The firm has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $18.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.68.

Monotaro (OTCMKTS:MONOY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter. The business had revenue of $561.57 million during the quarter, compared to the consensus estimate of $567.49 million. Monotaro had a return on equity of 35.15% and a net margin of 9.36%. On average, analysts predict that Monotaro will post 0.4 EPS for the current fiscal year.

About Monotaro

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.