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

Monotaro (OTCMKTS:MONOY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $14.29, but opened at $13.59. Monotaro shares last traded at $13.59, with a volume of 286 shares traded.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Monotaro Stock Down 1.5%

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.69 and a quick ratio of 2.06. The stock has a 50 day simple moving average of $12.75 and a 200-day simple moving average of $12.36. The firm has a market cap of $6.99 billion, a PE ratio of 30.63 and a beta of 1.13.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $612.94 million during the quarter, compared to the consensus estimate of $614.74 million. Monotaro had a return on equity of 29.68% and a net margin of 9.70%. Sell-side analysts predict that Monotaro will post 0.48 EPS for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd. is a Japan-based business-to-business e-commerce company that sells maintenance, repair and operations (MRO) supplies. Its online marketplace serves businesses, government organizations and professional users seeking products for workplaces, factories, construction sites, vehicle maintenance and other commercial applications.

The company offers a broad range of products, including tools, safety equipment, industrial components, automotive maintenance supplies, office and packaging products, cleaning materials, and construction-related goods.