MINISO Group (NYSE:MNSO) Shares Gap Up to $19.02

Shares of MINISO Group Holding Limited (NYSE:MNSO) gapped up before the market opened on Wednesday . The stock had previously closed at $19.02, but opened at $20.09. MINISO Group shares last traded at $20.42, with a volume of 1,880,590 shares changing hands.

MINISO Group Stock Down 2.0 %

The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $6.46 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.27. The business’s 50 day simple moving average is $19.39 and its 200 day simple moving average is $21.50.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The company had revenue of $541.04 million during the quarter. As a group, analysts forecast that MINISO Group Holding Limited will post 1.12 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group’s dividend payout ratio is presently 38.24%.

Institutional Trading of MINISO Group

A number of hedge funds have recently made changes to their positions in the stock. Deltec Asset Management LLC purchased a new stake in shares of MINISO Group in the first quarter worth approximately $587,000. Price T Rowe Associates Inc. MD bought a new position in MINISO Group during the fourth quarter valued at approximately $268,000. Legal & General Group Plc raised its position in MINISO Group by 27.2% during the fourth quarter. Legal & General Group Plc now owns 621,343 shares of the company’s stock valued at $12,675,000 after acquiring an additional 132,899 shares in the last quarter. Vident Advisory LLC raised its position in MINISO Group by 14.8% during the fourth quarter. Vident Advisory LLC now owns 10,623 shares of the company’s stock valued at $217,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in MINISO Group during the fourth quarter valued at approximately $679,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

About MINISO Group

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.