MINISO Group (NYSE:MNSO) Reaches New 1-Year Low at $4.97

MINISO Group Holding Limited (NYSE:MNSOGet Rating)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $4.97 and last traded at $4.98, with a volume of 2605 shares changing hands. The stock had previously closed at $5.23.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNSO. The Goldman Sachs Group cut their price target on shares of MINISO Group from $12.20 to $11.90 in a report on Wednesday, July 13th. Jefferies Financial Group began coverage on shares of MINISO Group in a research note on Monday, June 13th. They issued a “buy” rating on the stock.

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.82 and a current ratio of 2.13. The firm has a market capitalization of $1.44 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.23 and a beta of -1.17. The stock’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.82.

MINISO Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st were given a $0.152 dividend. The ex-dividend date was Tuesday, August 30th.

Institutional Investors Weigh In On MINISO Group

Several hedge funds have recently modified their holdings of MNSO. UBS Group AG lifted its position 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 worth $60,000 after purchasing an additional 5,619 shares during the period. Hsbc Holdings PLC lifted its position in shares of MINISO Group by 28.4% in the 1st quarter. Hsbc Holdings PLC now owns 13,846 shares of the company’s stock worth $108,000 after purchasing an additional 3,064 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of MINISO Group in the 1st quarter worth approximately $112,000. Jane Street Group LLC purchased a new stake in shares of MINISO Group in the 2nd quarter worth approximately $123,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of MINISO Group in the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 17.98% of the company’s stock.

About MINISO Group

(Get Rating)

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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