Monotaro (OTCMKTS:MONOY) Shares Climb 6.7% – Here’s Why

Monotaro (OTCMKTS:MONOY) rose 6.7% on Tuesday. The stock traded as high as $15.15 and last traded at $15.15. Approximately 38,874 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 118,425 shares. The stock had previously closed at $14.20.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Monotaro from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Monotaro Price Performance

The stock’s 50 day moving average price is $13.33 and its two-hundred day moving average price is $12.33. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 31.88 and a beta of 1.16. The company has a quick ratio of 2.06, a current ratio of 2.69 and a debt-to-equity ratio of 0.17.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Wednesday, November 4th. The company reported $0.12 EPS for the quarter. Monotaro had a return on equity of 30.25% and a net margin of 9.71%. The firm had revenue of $590.93 million for the quarter, compared to the consensus estimate of $592.21 million. Equities research analysts forecast that Monotaro will post 0.48 EPS for the current fiscal year.

Monotaro Company Profile

MonotaRO Co., Ltd. operates an e-commerce business that supplies maintenance, repair and operations (MRO) products and other indirect materials to businesses. Its online store offers products such as tools, machine parts, safety equipment, automotive maintenance supplies and workplace items. The company serves customers across a range of industries, including manufacturing, construction and automotive services, primarily in Japan. Its online sales model helps businesses source a broad range of supplies through a single platform.