Monotaro (OTCMKTS:MONOY) Shares Gap Up – Here’s Why

Monotaro (OTCMKTS:MONOY) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.94, but opened at $11.63. Monotaro shares last traded at $11.63, with a volume of 2,873 shares traded.

Monotaro Trading Up 5.8%

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 business has a fifty day moving average of $11.54 and a 200-day moving average of $12.69. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 25.71 and a beta of 1.10.

Monotaro (OTCMKTS:MONOY) last posted its quarterly earnings data on Monday, May 18th. The company reported $999.00 earnings per share for the quarter. Monotaro had a net margin of 9.66% and a return on equity of 28.14%. On average, equities analysts anticipate that Monotaro will post 0.48 earnings per share for the current fiscal 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.