MINISO Group (NYSE:MNSO) Sees Strong Trading Volume – Should You Buy?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares saw unusually-high trading volume on Thursday. 1,295,674 shares changed hands during trading, an increase of 90% from the previous session’s volume of 680,587 shares. The stock last traded at $10.5250 and had previously closed at $10.22.

Analyst Upgrades and Downgrades

MNSO has been the subject of several research reports. HSBC reissued a “hold” rating and issued a $10.80 price target on shares of MINISO Group in a research report on Monday, August 31st. Nomura lowered shares of MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen upgraded shares of MINISO Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Citigroup lowered shares of MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 price objective on the stock. in a research note on Monday, August 31st. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MINISO Group currently has an average rating of “Hold” and an average price target of $15.27.

MINISO Group Trading Down 3.4%

The company has a quick ratio of 1.18, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.10 billion, a PE ratio of 17.61 and a beta of 0.16. The firm has a 50 day moving average of $9.88 and a 200 day moving average of $12.26.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 19.41% and a net margin of 5.32%. The business had revenue of $855.25 million for the quarter. Equities analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current year.

Institutional Trading of MINISO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new position in MINISO Group in the second quarter valued at $200,000. WINTON GROUP Ltd purchased a new stake in MINISO Group during the second quarter valued at about $140,000. Allworth Financial LP grew its stake in shares of MINISO Group by 5,641.7% during the second quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after buying an additional 2,031 shares during the last quarter. Nykredit A S bought a new position in shares of MINISO Group during the second quarter valued at about $242,000. Finally, Parallel Advisors LLC increased its holdings in shares of MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after buying an additional 1,947 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited is a global value retailer that operates the MINISO brand of lifestyle product stores. The company offers a broad range of merchandise, including household goods, personal care products, beauty accessories, electronics, toys, stationery, food and beverages, fashion accessories, and seasonal products. Its retail model emphasizes affordable prices, frequent product updates, and collaborations with popular intellectual property brands.

Founded in 2013, MINISO has expanded from its origins in China into an international retail business.