MINISO Group (NYSE:MNSO) Shares Gap Down - Should You Sell?

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $20.81, but opened at $20.35. MINISO Group shares last traded at $19.74, with a volume of 270,943 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC initiated coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.70.

MINISO Group Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 0.80 and a beta of 0.07. The company's 50-day moving average is $23.16 and its 200-day moving average is $20.02.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, research analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently added to or reduced their stakes in the business. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in MINISO Group by 76.6% in the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after acquiring an additional 3,992,300 shares in the last quarter. M&G PLC grew its position in shares of MINISO Group by 217.5% in the 3rd quarter. M&G PLC now owns 3,611,656 shares of the company's stock valued at $65,010,000 after buying an additional 2,474,207 shares during the last quarter. HCEP Management Ltd bought a new position in MINISO Group during the 4th quarter worth approximately $40,613,000. LMR Partners LLP bought a new stake in MINISO Group during the third quarter valued at $11,384,000. Finally, Candriam S.C.A. bought a new stake in shares of MINISO Group during the 4th quarter valued at about $9,986,000. 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.

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