MINISO Group (NYSE:MNSO) Shares Gap Down to $18.80

MINISO Group Holding Limited (NYSE:MNSO) gapped down prior to trading on Friday . The stock had previously closed at $18.80, but opened at $18.30. MINISO Group shares last traded at $18.06, with a volume of 49,853 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. initiated coverage on shares of MINISO Group in a report on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price on the stock.

MINISO Group Trading Down 4.1 %

The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17. The firm has a fifty day moving average price of $22.09 and a 200-day moving average price of $20.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18.

MINISO Group (NYSE:MNSO) last released its earnings results on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The firm had revenue of $515.70 million for the quarter. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, equities analysts anticipate that MINISO Group Holding Limited will post 1.24 EPS for the current year.

Hedge Funds Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after buying an additional 492 shares in the last quarter. Avalon Trust Co bought a new stake in shares of MINISO Group during the 4th quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in MINISO Group during the 1st quarter worth approximately $93,000. Bayesian Capital Management LP bought a new position in MINISO Group in the 1st quarter valued at approximately $201,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in MINISO Group in the fourth quarter valued at approximately $206,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.