MINISO Group (NYSE:MNSO) Shares Gap Up to $22.22

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $22.22, but opened at $23.81. MINISO Group shares last traded at $23.87, with a volume of 616,092 shares trading hands.

MINISO Group Trading Up 6.3 %

The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7.47 billion, a PE ratio of 23.55, a P/E/G ratio of 0.78 and a beta of 0.27. The company’s 50-day moving average is $19.89 and its 200 day moving average is $21.39.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results 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 for the quarter. As a group, sell-side analysts predict that MINISO Group Holding Limited will post 1.12 EPS for the current year.

MINISO Group Dividend Announcement

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

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in MINISO Group by 95.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after acquiring an additional 492 shares in the last quarter. Avalon Trust Co bought a new stake in shares of MINISO Group in the fourth quarter worth $26,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of MINISO Group in the fourth quarter worth $206,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of MINISO Group in the fourth quarter worth $231,000. Finally, Jump Financial LLC bought a new stake in shares of MINISO Group in the fourth quarter worth $231,000. 17.16% of the stock is owned by 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.