Monotaro (OTCMKTS:MONOY) Shares Gap Up – What’s Next?

Shares of Monotaro (OTCMKTS:MONOY) gapped up before the market opened on Thursday. The stock had previously closed at $12.31, but opened at $12.85. Monotaro shares last traded at $12.7480, with a volume of 67,738 shares traded.

Wall Street Analyst Weigh In

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

Monotaro Stock Performance

The stock’s 50 day moving average price is $12.07 and its two-hundred day moving average price is $11.71. 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 $6.33 billion, a price-to-earnings ratio of 27.74 and a beta of 1.09.

Monotaro (OTCMKTS:MONOY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. The firm had revenue of $612.94 million during the quarter, compared to analysts’ expectations of $614.74 million. Monotaro had a net margin of 9.70% and a return on equity of 29.68%. On average, analysts forecast 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 operations (MRO) products to businesses and individual customers. Through its online platform, the company offers a broad selection of industrial supplies, tools, equipment and consumables.

Its product categories include hand and power tools, safety equipment, automotive maintenance products, manufacturing and construction supplies, office and facility-maintenance goods, cleaning products, and agricultural materials.