MINISO Group (NYSE:MNSO) Shares Gap Up - Here's What Happened

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $17.56, but opened at $18.53. MINISO Group shares last traded at $19.05, with a volume of 822,425 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MINISO Group has a consensus rating of "Moderate Buy" and an average target price of $24.53.

MINISO Group Stock Down 0.3%

The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $19.31. The company has a market capitalization of $5.98 billion, a P/E ratio of 17.23, a PEG ratio of 1.12 and a beta of 0.16. The company has a current ratio of 1.99, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). MINISO Group had a return on equity of 24.23% and a net margin of 13.85%. The company had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. On average, research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently modified their holdings of MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its stake in MINISO Group by 76.6% in the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after purchasing an additional 3,992,300 shares during the period. HCEP Management Ltd bought a new stake in MINISO Group in the fourth quarter valued at approximately $40,613,000. MY.Alpha Management HK Advisors Ltd lifted its position in MINISO Group by 37.5% in the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock valued at $13,258,000 after purchasing an additional 151,364 shares during the last quarter. Serenity Capital Management PTE. LTD. bought a new position in shares of MINISO Group during the first quarter valued at approximately $8,569,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of MINISO Group by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company's stock valued at $5,832,000 after acquiring an additional 5,086 shares in the last quarter. 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.