Mint Incorporation (NASDAQ:MIMI) Trading Down 4.2% - Should You Sell?

Key Points

• Mint Incorporation's shares dropped 4.2%, trading as low as $6.21, with a significant decrease in volume at 1,060,626 shares, down 38% from average levels.
• Analysts currently have a consensus rating of “Sell” on Mint Incorporation, with upgrades to “hold” from some brokerages and reiterations of sell ratings from others.
• Institutional interest has emerged as Jane Street Group LLC acquired a new position in Mint Incorporation, purchasing 19,132 shares valued at approximately $100,000.

Shares of Mint Incorporation Limited (NASDAQ:MIMI - Get Free Report) fell 4.2% during trading on Friday . The company traded as low as $6.21 and last traded at $6.61. 1,060,626 shares were traded during mid-day trading, a decline of 38% from the average session volume of 1,713,140 shares. The stock had previously closed at $6.90.

Wall Street Analyst Weigh In

A number of brokerages have commented on MIMI. Wall Street Zen upgraded shares of Mint Incorporation to a "hold" rating in a research note on Saturday. Weiss Ratings reiterated a "sell (e)" rating on shares of Mint Incorporation in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mint Incorporation presently has a consensus rating of "Sell".

Mint Incorporation Price Performance

The company's 50-day moving average price is $8.23 and its two-hundred day moving average price is $6.56.

Hedge Funds Weigh In On Mint Incorporation

An institutional investor recently bought a new position in Mint Incorporation stock. Jane Street Group LLC acquired a new stake in Mint Incorporation Limited (NASDAQ:MIMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,132 shares of the company's stock, valued at approximately $100,000. Jane Street Group LLC owned 0.08% of Mint Incorporation at the end of the most recent reporting period.

Mint Incorporation Company Profile

Mint, Inc Ltd. is a company that engages in the provision of interior design and fit works. The company offers design services including layout plans and sketches presented in the form of 3d technical drawing and design and fit out services. The company was founded in 2018 and is headquartered in Hong Kong.

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