MINISO Group (NYSE:MNSO) Shares Gap Down to $20.74

Shares of MINISO Group Holding Limited (NYSE:MNSO) gapped down prior to trading on Tuesday . The stock had previously closed at $20.74, but opened at $19.72. MINISO Group shares last traded at $19.40, with a volume of 342,064 shares changing hands.

MINISO Group Trading Up 8.1 %

The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $21.50. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.71 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The business had revenue of $541.04 million for the quarter. Research 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. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group’s payout ratio is 38.24%.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deltec Asset Management LLC acquired a new stake in shares of MINISO Group during the first quarter worth $587,000. Price T Rowe Associates Inc. MD acquired a new stake in MINISO Group in the 4th quarter valued at $268,000. Legal & General Group Plc increased its stake in MINISO Group by 27.2% in the 4th quarter. Legal & General Group Plc now owns 621,343 shares of the company’s stock valued at $12,675,000 after buying an additional 132,899 shares during the last quarter. Vident Advisory LLC increased its stake in MINISO Group by 14.8% in the 4th quarter. Vident Advisory LLC now owns 10,623 shares of the company’s stock valued at $217,000 after buying an additional 1,373 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in MINISO Group in the 4th quarter valued at $679,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

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.