Monotaro (OTCMKTS:MONOY) Shares Gap Up – Here’s What Happened

Shares of Monotaro (OTCMKTS:MONOY) gapped up prior to trading on Wednesday . The stock had previously closed at $10.78, but opened at $11.33. Monotaro shares last traded at $11.3092, with a volume of 20,993 shares trading hands.

Monotaro Stock Down 1.5%

The stock’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $12.91. The stock has a market cap of $5.50 billion, a P/E ratio of 24.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 2.30.

Monotaro (OTCMKTS:MONOY) last announced its earnings results on Monday, May 18th. The company reported $999.00 EPS for the quarter. Monotaro had a net margin of 9.66% and a return on equity of 28.14%. As a group, research analysts forecast that Monotaro will post 0.48 earnings per share for the current fiscal 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.