MINISO Group (NYSE:MNSO) Trading Up 5.3% – Should You Buy?

MINISO Group Holding Limited (NYSE:MNSO) was up 5.3% on Tuesday . The company traded as high as $20.69 and last traded at $20.57. Approximately 446,641 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,118,918 shares. The stock had previously closed at $19.54.

MINISO Group Price Performance

The firm has a 50-day moving average of $23.40 and a 200-day moving average of $19.88. 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 capitalization of $6.41 billion, a P/E ratio of 18.49, a PEG ratio of 0.80 and a beta of 0.07.

MINISO Group (NYSE:MNSO) 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 return on equity of 26.07% and a net margin of 15.18%. As a group, analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current year.

Institutional Trading of MINISO Group

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in MINISO Group in the fourth quarter worth approximately $31,000. Barclays PLC purchased a new position in shares of MINISO Group in the 4th quarter worth $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 734 shares during the period. FMR LLC increased its position in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in MINISO Group in the third quarter valued at about $78,000. 17.16% of the stock is currently owned by institutional investors.

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.