MINISO Group (NYSE:MNSO) Stock Price Down 2.8%

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) fell 2.8% during trading on Monday . The company traded as low as $22.79 and last traded at $22.98. 232,331 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,613,317 shares. The stock had previously closed at $23.63.

MINISO Group Trading Down 2.1 %

The company has a market capitalization of $7.31 billion, a PE ratio of 22.69, a PEG ratio of 0.77 and a beta of 0.27. 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 business's 50-day simple moving average is $20.01 and its two-hundred day simple moving average is $21.31.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million during the quarter. On average, analysts predict that MINISO Group Holding Limited will post 1.18 earnings per share for the current year.

MINISO Group Dividend Announcement

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

Institutional Trading of MINISO Group

Several institutional investors have recently added to or reduced their stakes in MNSO. PNC Financial Services Group Inc. raised its stake in MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company's stock valued at $26,000 after buying an additional 492 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of MINISO Group during the 4th quarter valued at approximately $26,000. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group during the fourth quarter worth $206,000. Handelsinvest Investeringsforvaltning bought a new position in MINISO Group during the fourth quarter worth $231,000. Finally, Jump Financial LLC acquired a new position in MINISO Group in the fourth quarter worth $231,000. 17.16% of the stock is owned by institutional investors and hedge funds.

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.