Monotaro (OTCMKTS:MONOY) Sees Unusually-High Trading Volume – Time to Buy?

Monotaro (OTCMKTS:MONOY) shares saw unusually-strong trading volume on Wednesday . Approximately 361,776 shares were traded during trading, an increase of 134% from the previous session’s volume of 154,733 shares.The stock last traded at $10.75 and had previously closed at $10.75.

Analyst Ratings Changes

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

Monotaro Trading Up 0.4%

The company has a 50 day moving average of $12.79 and a 200-day moving average of $13.92. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 2.30.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.12 earnings per share (EPS) for the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.03%. The company had revenue of $600.38 million for the quarter. On average, research analysts anticipate that Monotaro will post 0.4 earnings per share 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.