Monotaro (OTCMKTS:MONOY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Monotaro (OTCMKTS:MONOY) saw an uptick in trading volume on Wednesday . 169,693 shares traded hands during trading, an increase of 31% from the previous session’s volume of 129,901 shares.The stock last traded at $12.1540 and had previously closed at $12.15.

Monotaro Trading Down 4.5%

The company has a 50-day simple moving average of $11.86 and a 200 day simple moving average of $11.74. The company has a market capitalization of $6.00 billion, a P/E ratio of 26.27 and a beta of 1.09. 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 released its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. Monotaro had a net margin of 9.70% and a return on equity of 28.73%. The firm had revenue of $612.94 million during the quarter, compared to analysts’ expectations of $614.74 million. Sell-side analysts expect that Monotaro will post 0.48 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.