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

Monotaro (OTCMKTS:MONOY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.86, but opened at $10.26. Monotaro shares last traded at $10.4925, with a volume of 333,723 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Monotaro from a “strong sell” rating to a “hold” rating in a research note on Sunday, December 14th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Monotaro Price 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 firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 24.61 and a beta of 1.00. The business’s fifty day simple moving average is $12.73 and its 200 day simple moving average is $13.89.

Monotaro (OTCMKTS:MONOY) last announced its quarterly earnings data 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 net margin of 9.72% and a return on equity of 28.03%. On average, research analysts forecast that Monotaro will post 0.4 EPS 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.