MINISO Group (NYSE:MNSO) Trading Down 4.9% – Here’s What Happened

Shares of MINISO Group Holding Limited (NYSE:MNSO) 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 traded hands during mid-day 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 Stock Down 5.7 %

The stock’s 50-day simple moving average is $23.64 and its 200 day simple moving average is $19.29. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The firm has a market cap of $7.06 billion, a P/E ratio of 20.33, a PEG ratio of 0.81 and a beta of 0.07.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data 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, research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On MINISO Group

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in MINISO Group during the 2nd quarter valued at $26,000. Cubist Systematic Strategies LLC lifted its holdings in shares of MINISO Group by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after buying an additional 942 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of MINISO Group by 167.0% during the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after purchasing an additional 3,259 shares during the last quarter. International Assets Investment Management LLC purchased a new position in MINISO Group during the 3rd quarter valued at approximately $923,000. Finally, DekaBank Deutsche Girozentrale increased its position in MINISO Group by 3.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after purchasing an additional 690 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

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.