Monotaro (OTCMKTS:MONOY) Sees Unusually-High Trading Volume – Here’s Why

Monotaro (OTCMKTS:MONOY) shares saw unusually-high trading volume on Monday. 218,389 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 119,460 shares. The stock last traded at $14.1745 and had previously closed at $13.66.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Monotaro from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Monotaro currently has a consensus rating of “Buy”.

Monotaro Price Performance

The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 30.72 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.69 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $13.00 and a 200-day moving average of $12.33.

Monotaro (OTCMKTS:MONOY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $612.94 million for the quarter, compared to analysts’ expectations of $614.74 million. Monotaro had a net margin of 9.70% and a return on equity of 29.68%. On average, equities research analysts predict that Monotaro will post 0.48 EPS for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd. is a Japan-based business-to-business e-commerce company that sells maintenance, repair and operations (MRO) supplies. Its online marketplace serves businesses, government organizations and professional users seeking products for workplaces, factories, construction sites, vehicle maintenance and other commercial applications.

The company offers a broad range of products, including tools, safety equipment, industrial components, automotive maintenance supplies, office and packaging products, cleaning materials, and construction-related goods.