MINISO Group (NYSE:MNSO) Sees Unusually-High Trading Volume – Here’s What Happened

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) saw an uptick in trading volume on Thursday. 1,295,674 shares traded 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MNSO shares. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen raised MINISO Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Citigroup lowered MINISO Group from a “buy” rating to a “neutral” rating and set a $11.30 target price on the stock. in a research report on Monday, August 31st. Nomura downgraded MINISO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, China Intl Cap upgraded MINISO Group to a “strong-buy” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the 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 Price Performance

The company’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $12.32. 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 stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 18.23 and a beta of 0.16.

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

Institutional Investors Weigh In On MINISO Group

A number of hedge funds have recently bought and sold shares of MNSO. Hsbc Holdings PLC raised its stake in MINISO Group by 243.5% during the 1st quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. XY Capital Ltd acquired a new position in shares of MINISO Group during the first quarter valued at about $2,841,000. Renaissance Technologies LLC acquired a new position in shares of MINISO Group during the first quarter valued at about $478,000. Nykredit A S bought a new position in MINISO Group during the second quarter valued at about $242,000. Finally, Sequoia Financial Advisors LLC acquired a new position in MINISO Group in the 2nd quarter valued at approximately $200,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Company Profile

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.