MINISO Group (NYSE:MNSO) Trading Down 2.8%

MINISO Group Holding Limited (NYSE:MNSO)’s stock price dropped 2.8% during mid-day trading on Monday . The stock traded as low as $22.79 and last traded at $22.98. Approximately 232,331 shares changed hands during trading, a decline of 86% from the average daily volume of 1,613,317 shares. The stock had previously closed at $23.63.

MINISO Group Stock Down 2.1 %

The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 0.77 and a beta of 0.27. The firm’s fifty day moving average price is $20.01 and its 200-day moving average price is $21.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $541.04 million during the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. Sell-side analysts expect that MINISO Group Holding Limited will post 1.18 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 $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s payout ratio is 38.24%.

Institutional Trading of MINISO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after acquiring an additional 492 shares during the last quarter. Avalon Trust Co bought a new stake in MINISO Group during the fourth quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC bought a new stake in MINISO Group during the fourth quarter valued at $206,000. Handelsinvest Investeringsforvaltning bought a new stake in MINISO Group during the fourth quarter valued at $231,000. Finally, Jump Financial LLC bought a new stake in MINISO Group during the fourth quarter valued at $231,000. 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.