Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $19.72, but opened at $20.70. MINISO Group shares last traded at $20.87, with a volume of 260,628 shares.
Analyst Ratings Changes
MNSO has been the topic of several analyst reports. HSBC initiated coverage on MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective on the stock. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.70.
Get Our Latest Stock Analysis on MINISO Group
MINISO Group Stock Down 2.7 %
The firm has a 50-day simple moving average of $22.08 and a 200 day simple moving average of $20.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The company has a market capitalization of $6.57 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in MINISO Group in the fourth quarter valued at about $31,000. Barclays PLC purchased a new position in MINISO Group in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its position in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares during the period. FMR LLC increased its position in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after acquiring an additional 2,884 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of MINISO Group during the fourth quarter worth about $163,000. 17.16% of the stock is owned by hedge funds and other institutional investors.
MINISO Group Company Profile
(
Get Free Report)
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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