MINISO Group (NYSE:MNSO) Shares Gap Down – Here’s What Happened

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $22.71, but opened at $21.50. MINISO Group shares last traded at $20.89, with a volume of 715,145 shares trading hands.

MINISO Group Trading Down 11.9 %

The company has a 50 day moving average price of $23.50 and a 200 day moving average price of $19.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, November 29th. The company reported $0.30 EPS for the quarter. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, research analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

Institutional Trading of MINISO Group

A number of institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of MINISO Group in the fourth quarter worth $31,000. Barclays PLC purchased a new stake in MINISO Group during the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after acquiring an additional 734 shares during the period. FMR LLC boosted its position in shares of MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of MINISO Group in the third quarter worth about $78,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

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.