Monotaro (OTCMKTS:MONOY) Shares Down 4.5% – What’s Next?

Monotaro (OTCMKTS:MONOY)’s stock price traded down 4.5% during mid-day trading on Monday . The stock traded as low as $11.20 and last traded at $11.20. 62,359 shares changed hands during trading, a decline of 58% from the average session volume of 150,253 shares. The stock had previously closed at $11.73.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Monotaro from a “strong sell” rating to a “hold” rating in a research note on Sunday, December 14th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Monotaro Price Performance

The firm’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $14.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 2.30. The firm has a market cap of $5.80 billion, a P/E ratio of 26.29 and a beta of 0.99.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.12 EPS for the quarter. Monotaro had a return on equity of 28.03% and a net margin of 9.72%.The company had revenue of $600.38 million during the quarter. As a group, analysts forecast that Monotaro will post 0.4 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.