Monotaro (OTCMKTS:MONOY) Sees Large Volume Increase – What’s Next?

Monotaro (OTCMKTS:MONOY) saw unusually-high trading volume on Wednesday . Approximately 224,307 shares changed hands during mid-day trading, an increase of 125% from the previous session’s volume of 99,607 shares.The stock last traded at $15.2680 and had previously closed at $15.31.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Monotaro from a “strong sell” rating to a “hold” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Monotaro currently has an average rating of “Hold”.

Monotaro Trading Up 1.5%

The company’s 50 day moving average price is $14.01 and its 200 day moving average price is $16.55. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 30.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.24 and a current ratio of 2.88.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.11 EPS for the quarter. The company had revenue of $550.48 million for the quarter. Monotaro had a return on equity of 33.81% and a net margin of 9.57%. Research analysts anticipate that Monotaro will post 0.4 EPS for the current year.

About Monotaro

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan and internationally. The company offers safety protective equipment, work clothes, and safety shoes; logistics, storage, and packing supplies; tapes; safety, disaster prevention, and crime prevention products; safety signs; ship and fishing supplies; office supplies; office furniture/lighting/cleaning supplies; cutting tools and abrasives; measurement and surveying equipment; hand tools/electric and pneumatic tools; sprays, oils, greases, and paints; adhesives and repair materials; welding supplies; and piping and water related components/pumps/pneumatic and hydraulic equipment/hoses.