MonotaRO (OTCMKTS:MONOY) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of MonotaRO (OTCMKTS:MONOY) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. The brokerage currently has $57.00 price objective on the stock.

According to Zacks, “Monotaro Co. provides consumable goods through its web site. Monotaro Co. is headquartered in Amagasaki, Japan. “

Separately, Jefferies Financial Group raised shares of MonotaRO from a hold rating to a buy rating in a research note on Friday, January 8th.

Shares of MONOY opened at $54.36 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.51 and a current ratio of 2.07. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 120.80, a PEG ratio of 6.13 and a beta of 0.33. The company’s 50 day simple moving average is $53.12 and its 200 day simple moving average is $47.95. MonotaRO has a 1 year low of $20.06 and a 1 year high of $62.47.

MonotaRO Company Profile

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan, Korea, China, Indonesia, and internationally. It offers products for manufacturing, construction, and automotive industries. The company was formerly known as Sumisho Grainger Co, Ltd. and changed its name to MonotaRO Co, Ltd.

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