Monotaro (OTCMKTS:MONOY) Stock Price Down 7.7% – Here’s What Happened

Monotaro (OTCMKTS:MONOY) dropped 7.7% during trading on Tuesday . The company traded as low as $11.44 and last traded at $11.44. Approximately 33,137 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 143,349 shares. The stock had previously closed at $12.39.

Monotaro Trading Up 0.0%

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.88. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 26.09 and a beta of 1.09. The business’s 50-day simple moving average is $11.62 and its 200-day simple moving average is $12.09.

Monotaro (OTCMKTS:MONOY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter. Monotaro had a net margin of 9.70% and a return on equity of 28.73%. The business had revenue of $612.94 million during the quarter, compared to analysts’ expectations of $614.74 million. Research analysts predict 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.