MINISO Group (NYSE:MNSO) Shares Gap Down – Should You Sell?

Shares of MINISO Group Holding Limited (NYSE:MNSO) gapped down before the market opened 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 traded.

MINISO Group Stock Down 9.9 %

The stock has a 50 day moving average of $23.59 and a 200 day moving average of $19.75. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.78 and a beta of 0.07. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

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

Institutional Trading of MINISO Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. LMR Partners LLP bought a new stake in shares of MINISO Group in the 3rd quarter worth approximately $11,384,000. International Assets Investment Management LLC acquired a new position in shares of MINISO Group in the 3rd quarter valued at about $923,000. Nordea Investment Management AB boosted its holdings in shares of MINISO Group by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after purchasing an additional 43,151 shares during the period. Erste Asset Management GmbH purchased a new position in shares of MINISO Group during the 3rd quarter valued at $685,000. Finally, Citigroup Inc. lifted its stake in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after acquiring an additional 330,579 shares during the last quarter. 17.16% of the stock is currently 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.