MINISO Group (NYSE:MNSO) Shares Gap Down - Here's What Happened

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $22.71, but opened at $21.50. MINISO Group shares last traded at $20.89, with a volume of 715,145 shares changing hands.

MINISO Group Stock Down 2.2 %

The company has a fifty day moving average of $23.40 and a two-hundred day moving average of $19.88. The company has a market cap of $6.11 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results 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, analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of MINISO Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in MINISO Group in the fourth quarter worth $31,000. Barclays PLC purchased a new stake in MINISO Group in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC increased its stake in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after purchasing an additional 734 shares during the period. FMR LLC grew its position in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of MINISO Group during the 3rd quarter worth $78,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Company Profile

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.