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

Monotaro (OTCMKTS:MONOY) gapped up before the market opened on Monday . The stock had previously closed at $12.0010, but opened at $12.80. Monotaro shares last traded at $12.2480, with a volume of 763 shares trading hands.

Monotaro Stock Performance

The stock has a market cap of $6.02 billion, a PE ratio of 26.37 and a beta of 1.09. 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 business has a 50 day moving average price of $11.64 and a two-hundred day moving average price of $12.06.

Monotaro (OTCMKTS:MONOY) last issued its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. The company had revenue of $612.94 million for the quarter, compared to the consensus estimate of $614.74 million. Monotaro had a net margin of 9.70% and a return on equity of 28.73%. As a group, equities research analysts forecast that Monotaro will post 0.48 EPS for the current fiscal year.

Monotaro Company Profile

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.