MINISO Group (NYSE:MNSO) Shares Gap Up to $20.50

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $20.50, but opened at $21.85. MINISO Group shares last traded at $21.62, with a volume of 267,546 shares changing hands.

MINISO Group Trading Up 3.2 %

The firm has a 50-day moving average of $18.56 and a 200-day moving average of $21.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. The firm has a market capitalization of $6.68 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.70 and a beta of 0.27.

MINISO Group Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be given a $0.29 dividend. This represents a yield of 2%. The ex-dividend date is Wednesday, March 27th. MINISO Group's dividend payout ratio (DPR) is presently 38.24%.

Institutional Investors Weigh In On MINISO Group

Several hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. acquired a new position in shares of MINISO Group during the first quarter worth $112,000. Vanguard Group Inc. grew its stake in shares of MINISO Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 2,530,931 shares of the company's stock worth $19,742,000 after acquiring an additional 92,767 shares during the last quarter. Ergoteles LLC increased its stake in MINISO Group by 355.1% during the 1st quarter. Ergoteles LLC now owns 73,533 shares of the company's stock valued at $574,000 after purchasing an additional 57,376 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of MINISO Group by 54.5% during the first quarter. Mackenzie Financial Corp now owns 291,925 shares of the company's stock worth $2,277,000 after buying an additional 102,943 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in MINISO Group by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 99,149 shares of the company's stock worth $774,000 after acquiring an additional 4,110 shares during the period. Hedge funds and other institutional investors own 17.16% of the company's stock.

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.