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

Monotaro (OTCMKTS:MONOY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.4652, but opened at $11.84. Monotaro shares last traded at $11.7120, with a volume of 39,843 shares trading hands.

Monotaro Trading Up 2.9%

The company has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $13.05. The company has a market capitalization of $5.91 billion, a PE ratio of 26.21 and a beta of 1.10. 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 Monday, May 18th. The company reported $999.00 earnings per share (EPS) for the quarter. Monotaro had a return on equity of 28.14% and a net margin of 9.66%. Analysts anticipate that Monotaro will post 0.49 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.