Monotaro (OTCMKTS:MONOY) Sees Strong Trading Volume – Time to Buy?

Shares of Monotaro (OTCMKTS:MONOY) saw strong trading volume on Thursday . 720,890 shares traded hands during mid-day trading, an increase of 466% from the previous session’s volume of 127,368 shares.The stock last traded at $12.6725 and had previously closed at $12.4250.

Monotaro Price Performance

The company has a quick ratio of 1.88, a current ratio of 2.69 and a debt-to-equity ratio of 0.17. The stock has a market cap of $6.27 billion, a P/E ratio of 27.46 and a beta of 1.09. The business’s 50-day simple moving average is $11.96 and its two-hundred day simple moving average is $11.70.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $612.94 million for the quarter, compared to analyst estimates of $614.74 million. Monotaro had a net margin of 9.70% and a return on equity of 29.68%. Sell-side analysts expect that Monotaro will post 0.48 EPS for the current year.

Monotaro Company Profile

MonotaRO Co, Ltd. is a Japan-based e-commerce company that supplies maintenance, repair and operating (MRO) products to businesses and organizations. Through its online platform, the company sells a broad range of industrial, construction, automotive, office and safety supplies, as well as tools, equipment and consumable products.

Its customers include manufacturers, construction companies, vehicle maintenance businesses, public-sector organizations and other commercial users. MonotaRO provides product search, ordering and delivery services designed to help customers purchase routine workplace supplies through a single online channel.