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

Monotaro (OTCMKTS:MONOY)’s share price gapped down before the market opened 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 trading hands.

Analyst Upgrades and Downgrades

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

Monotaro Trading Down 2.4%

The stock has a market capitalization of $6.83 billion, a P/E ratio of 29.93 and a beta of 1.13. The stock’s 50 day moving average price is $12.91 and its 200-day moving average price is $12.34. 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 posted 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 29.68% and a net margin of 9.70%. The company had revenue of $612.94 million during the quarter, compared to analyst estimates of $614.74 million. As a group, equities research analysts expect that Monotaro will post 0.48 earnings per share for the current year.

Monotaro Company Profile

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.