MONOTARO (OTCMKTS:MONOY) reported a dividend of 0.0522 in cash with a record date of June 29, 2015. The stock will not be quoted ex-dividend. A Japan-based ecommerce direct marketer firm of maintenance, repair and operating products, and an affiliate of W W Grainger Inc (NYSE:GWW) completes more than 80% of its orders through Monotaro.com, through which clients have access to nearly 8 million products. Here, it should be noted that Grainger operates in Japan via its 51% stake in Monotaro.
Grainger and Monotaro share the same commitment to offering clients the products they need and when they need them. It can be seen at the core of everything they do, and it begins with customer service.
The past achievements
Monotaro is a known name in the industry of ecommerce marketing. It has managed to earn a leading place in ecommerce direct marketing industry with the help of its strong team committed to service and by offering hassle-free superior online experience.
The company was included in the Forbes Asia “Best Under A Billion” 2013 list, which puts light on 200 of the best mid-sized and small publicly traded firms in Asia Pacific. To qualify for the list, firms must be profitable with revenue between $5 million and $1 billion and should be publicly listed for at least one year. Forbes screens 15,000 companies on parameters of return on equity, earnings growth and sales growth.
Back in 2013, Monotaro used to offer five million products to help firms operate and manage their facility. Now, this number has increased to almost eight million with its focus on organizations active in different industries including construction, automotive and manufacturing industries. MONOTARO deals in MRO products through online platform and catalogs largely to manufacturers, contractors and car maintenance factories in Japan.
MONOTARO (OTCMKTS:MONOY) has been in a strong uptrend over the last couple of weeks and has been in line with the move in the broader markets which is being seen as a huge positive by traders and investors. The stock has formed good support near the $22 level. The relative strength index for the stock has given a buy signal which is indicative of the shift of momentum towards the buy side. Traders on the street believe the stock could head to levels of $25 in the near term. The stock currently trades below all important daily moving averages which is bearish.