MINISO Group (NYSE:MNSO) Trading Down 4.9% – What’s Next?

MINISO Group Holding Limited (NYSE:MNSO)’s share price fell 4.9% during mid-day trading on Wednesday . The stock traded as low as $22.71 and last traded at $22.77. 152,535 shares were traded during trading, a decline of 86% from the average session volume of 1,061,521 shares. The stock had previously closed at $23.95.

MINISO Group Price Performance

The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7.06 billion, a PE ratio of 20.33, a PEG ratio of 0.81 and a beta of 0.07. The firm’s 50-day moving average price is $23.64 and its two-hundred day moving average price is $19.29.

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

Institutional Trading of MINISO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MINISO Group during the 2nd quarter worth approximately $26,000. FMR LLC boosted its holdings in MINISO Group by 230.2% during 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 in the last quarter. Venturi Wealth Management LLC acquired a new stake in MINISO Group during the third quarter valued at $78,000. Blue Trust Inc. raised its position in shares of MINISO Group by 167.0% in the third quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock worth $99,000 after acquiring an additional 3,259 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of MINISO Group in the fourth quarter valued at approximately $163,000. 17.16% of the stock is owned by institutional investors and hedge funds.

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.