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

Shares of Monotaro (OTCMKTS:MONOY) gapped down prior to trading on Thursday . The stock had previously closed at $12.73, but opened at $11.69. Monotaro shares last traded at $11.62, with a volume of 51,099 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Monotaro Price Performance

The firm has a market cap of $5.88 billion, a PE ratio of 26.64 and a beta of 1.00. 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 50-day simple moving average of $13.67 and a 200 day simple moving average of $14.45.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Tuesday, February 3rd. The company reported $0.12 earnings per share for the quarter. Monotaro had a net margin of 9.72% and a return on equity of 28.03%. The firm had revenue of $600.38 million for the quarter. As a group, equities analysts expect that Monotaro will post 0.4 EPS for the current year.

Monotaro Company Profile

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.