MINISO Group (NYSE:MNSO) Shares Gap Up to $6.30

MINISO Group Holding Limited (NYSE:MNSOGet Rating) gapped up prior to trading on Friday . The stock had previously closed at $6.30, but opened at $6.65. MINISO Group shares last traded at $6.77, with a volume of 873 shares trading hands.

Separately, Jefferies Financial Group assumed coverage on shares of MINISO Group in a research report on Monday. They issued a “buy” rating on the stock.

The stock’s fifty day moving average is $6.44 and its two-hundred day moving average is $8.46. The company has a current ratio of 2.11, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2.06 billion, a P/E ratio of 25.15 and a beta of 0.13.

MINISO Group (NYSE:MNSOGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter. MINISO Group had a net margin of 5.35% and a return on equity of 9.94%. The business had revenue of $369.29 million for the quarter. During the same period last year, the company posted $0.08 EPS.

A number of hedge funds have recently added to or reduced their stakes in MNSO. Bank of America Corp DE boosted its stake in shares of MINISO Group by 2,486.3% in the 2nd 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. UBS Group AG boosted its stake in shares of 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 purchasing an additional 5,619 shares in the last quarter. Hsbc Holdings PLC boosted its position in MINISO Group by 28.4% during the 1st quarter. Hsbc Holdings PLC now owns 13,846 shares of the company’s stock valued at $108,000 after buying an additional 3,064 shares during the period. Envestnet Asset Management Inc. purchased a new stake in MINISO Group during the 1st quarter valued at $112,000. Finally, Susquehanna International Group LLP boosted its position in MINISO Group by 33.0% during the 4th quarter. Susquehanna International Group LLP now owns 14,315 shares of the company’s stock valued at $148,000 after buying an additional 3,551 shares during the period. 16.76% of the stock is owned by institutional investors and hedge funds.

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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