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

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

MINISO Group Stock Performance

The company’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $21.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.73 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The company had revenue of $541.04 million for the quarter. Equities research analysts predict that MINISO Group Holding Limited will post 1.12 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s dividend payout ratio is presently 38.24%.

Institutional Trading of MINISO Group

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in MINISO Group by 95.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares during the last quarter. Avalon Trust Co bought a new stake in shares of MINISO Group during the 4th quarter worth about $26,000. Advisors Asset Management Inc. bought a new stake in shares of MINISO Group during the 3rd quarter worth about $35,000. UBS Group AG bought a new stake in shares of MINISO Group during the 3rd quarter worth about $59,000. Finally, Tower Research Capital LLC TRC raised its position in shares of MINISO Group by 1,241.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 14,080 shares of the company’s stock worth $77,000 after buying an additional 13,030 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

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.