MINISO Group (NYSE:MNSO) Shares Gap Down to $5.75

Shares of MINISO Group Holding Limited (NYSE:MNSOGet Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $5.75, but opened at $5.40. MINISO Group shares last traded at $5.63, with a volume of 1,912 shares traded.

Separately, Zacks Investment Research lowered MINISO Group from a “hold” rating to a “sell” rating in a research note on Friday, April 1st.

The firm has a fifty day moving average of $7.55 and a 200-day moving average of $9.92. The firm has a market cap of $1.71 billion, a P/E ratio of 20.54 and a beta of 0.06. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06.

MINISO Group (NYSE:MNSOGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $435.11 million for the quarter. MINISO Group had a return on equity of 10.70% and a net margin of 5.67%. During the same quarter in the prior year, the business earned $0.04 EPS.

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in MINISO Group by 2,486.3% in the second quarter. Bank of America Corp DE now owns 1,319 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. Morgan Stanley lifted its holdings in MINISO Group by 430.0% during the 1st quarter. Morgan Stanley now owns 6,360 shares of the company’s stock worth $153,000 after purchasing an additional 5,160 shares during the last quarter. UBS Group AG raised its holdings in MINISO Group by 277.3% in the 1st quarter. UBS Group AG now owns 7,645 shares of the company’s stock valued at $60,000 after acquiring an additional 5,619 shares in the last quarter. Franklin Resources Inc. acquired a new position in MINISO Group in the 3rd quarter valued at $161,000. Finally, Hsbc Holdings PLC raised its holdings in MINISO Group by 28.4% in the 1st quarter. Hsbc Holdings PLC now owns 13,846 shares of the company’s stock valued at $108,000 after acquiring an additional 3,064 shares in the last quarter. Hedge funds and other institutional investors own 16.76% of the company’s stock.

MINISO Group Company Profile (NYSE:MNSO)

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products in China, Asia, the Americas, 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.

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