MINISO Group (NYSE:MNSO) Shares Down 4.9% – Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO)’s share price traded down 4.9% during mid-day trading on Wednesday . The company traded as low as $22.71 and last traded at $22.77. 152,535 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,061,521 shares. The stock had previously closed at $23.95.

MINISO Group Stock Up 1.1 %

The business’s 50 day moving average price is $23.81 and its 200-day moving average price is $19.34. The firm has a market capitalization of $7.23 billion, a PE ratio of 20.84, a P/E/G ratio of 0.81 and a beta of 0.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, November 29th. The company reported $0.30 earnings per share for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, equities research analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. LMR Partners LLP acquired a new stake in MINISO Group during the 3rd quarter worth $11,384,000. International Assets Investment Management LLC acquired a new stake in MINISO Group during the 3rd quarter worth $923,000. Nordea Investment Management AB boosted its stake in MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after purchasing an additional 43,151 shares during the period. Erste Asset Management GmbH acquired a new stake in MINISO Group during the 3rd quarter worth $685,000. Finally, Citigroup Inc. boosted its stake in MINISO Group by 553.7% during the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after purchasing an additional 330,579 shares during the period. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.