Monotaro (OTCMKTS:MONOY) Shares Gap Down – Time to Sell?

Monotaro (OTCMKTS:MONOY) gapped down prior to trading on Wednesday . The stock had previously closed at $12.30, but opened at $11.8850. Monotaro shares last traded at $11.8550, with a volume of 29,207 shares trading hands.

Monotaro Stock Performance

The firm has a 50 day moving average of $11.65 and a 200-day moving average of $12.03. The company has a market cap of $5.90 billion, a P/E ratio of 25.85 and a beta of 1.09. The company has a quick ratio of 1.88, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter. Monotaro had a return on equity of 28.73% and a net margin of 9.70%.The business had revenue of $612.94 million during the quarter, compared to analyst estimates of $614.74 million. As a group, sell-side analysts anticipate that Monotaro will post 0.48 EPS for the current fiscal year.

Monotaro Company Profile

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.