MINISO Group (NYSE:MNSO) Shares Gap Up to $19.02

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $19.02, but opened at $20.09. MINISO Group shares last traded at $20.42, with a volume of 1,880,590 shares trading hands.

MINISO Group Trading Down 2.0 %

The firm has a market cap of $6.46 billion, a PE ratio of 20.48, a P/E/G ratio of 0.71 and a beta of 0.27. The company’s fifty day moving average price is $19.39 and its two-hundred day moving average price is $21.50. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09.

MINISO Group (NYSE:MNSO) last issued its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $541.04 million for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. As a group, sell-side analysts forecast that MINISO Group Holding Limited will post 1.12 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group’s dividend payout ratio is currently 38.24%.

Institutional Trading of MINISO Group

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares in the last quarter. Avalon Trust Co purchased a new stake in MINISO Group during the fourth quarter worth about $26,000. Advisors Asset Management Inc. purchased a new stake in MINISO Group during the third quarter worth about $35,000. UBS Group AG purchased a new stake in MINISO Group during the third quarter worth about $59,000. Finally, Tower Research Capital LLC TRC boosted its holdings in MINISO Group by 1,241.0% during the third quarter. Tower Research Capital LLC TRC now owns 14,080 shares of the company’s stock worth $77,000 after buying an additional 13,030 shares in the last quarter. Hedge funds and other 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.