Pop Mart International Group (OTCMKTS:PMRTY) Shares Gap Up – Time to Buy?

Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $16.44, but opened at $17.37. Pop Mart International Group shares last traded at $17.37, with a volume of 230 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on PMRTY. Jefferies Financial Group lowered Pop Mart International Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Zacks Research raised shares of Pop Mart International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Pop Mart International Group Stock Performance

The business has a 50 day moving average price of $18.86 and a 200-day moving average price of $21.92.

About Pop Mart International Group

Pop Mart International Group Ltd. is a China-based company that designs, develops and sells collectible designer toys and related consumer products. Its offerings include blind-box figures, plush toys, art toys, accessories, stationery and other merchandise built around original and licensed intellectual properties.

The company’s portfolio includes popular character lines such as The Monsters, Molly, Skullpanda, Dimoo, Crybaby, Hirono and Pucky. Pop Mart distributes its products through physical retail stores, automated vending machines, online platforms and other direct-to-consumer channels.