MINISO Group (NYSE:MNSO) Shares Gap Up to $18.54

MINISO Group Holding Limited (NYSE:MNSO) shares gapped up prior to trading on Wednesday . The stock had previously closed at $18.54, but opened at $19.10. MINISO Group shares last traded at $19.33, with a volume of 87,323 shares changing hands.

Analyst Upgrades and Downgrades

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

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. The stock’s 50-day moving average is $21.64 and its 200 day moving average is $20.48. The stock has a market capitalization of $6.11 billion, a PE ratio of 18.26, a P/E/G ratio of 0.70 and a beta of 0.17.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MNSO. DekaBank Deutsche Girozentrale grew its position in MINISO Group by 32.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $385,000 after purchasing an additional 4,794 shares during the last quarter. Tidal Investments LLC purchased a new position in MINISO Group during the 1st quarter worth $344,000. B. Riley Wealth Advisors Inc. grew its position in MINISO Group by 29.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,071 shares of the company’s stock worth $268,000 after purchasing an additional 2,982 shares during the last quarter. Sylebra Capital LLC purchased a new position in MINISO Group during the 1st quarter worth $19,119,000. Finally, Bayesian Capital Management LP purchased a new position in MINISO Group during the 1st quarter worth $201,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

About MINISO Group

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.