Monotaro (OTCMKTS:MONOY) Shares Climb 6.7% – Here’s Why

Shares of Monotaro (OTCMKTS:MONOY) traded up 6.7% during trading on Tuesday. The company traded as high as $15.15 and last traded at $15.15. Approximately 38,874 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 118,425 shares. The stock had previously closed at $14.20.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Monotaro from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Monotaro presently has a consensus rating of “Buy”.

Monotaro Stock Performance

The company has a current ratio of 2.69, a quick ratio of 2.06 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 31.40 and a beta of 1.16. The company has a 50-day moving average of $13.45 and a 200-day moving average of $12.34.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $590.93 million for the quarter, compared to the consensus estimate of $592.21 million. Monotaro had a net margin of 9.71% and a return on equity of 30.25%. On average, equities research analysts forecast that Monotaro will post 0.48 earnings per share for the current fiscal year.

About Monotaro

MonotaRO Co., Ltd. operates an e-commerce business that supplies maintenance, repair and operations (MRO) products and other indirect materials to businesses. Its online store offers products such as tools, machine parts, safety equipment, automotive maintenance supplies and workplace items. The company serves customers across a range of industries, including manufacturing, construction and automotive services, primarily in Japan. Its online sales model helps businesses source a broad range of supplies through a single platform.