MINISO Group (NYSE:MNSO) Shares Gap Down – Should You Sell?

MINISO Group Holding Limited (NYSE:MNSO) gapped down prior to trading on Monday . The stock had previously closed at $27.56, but opened at $26.01. MINISO Group shares last traded at $25.32, with a volume of 788,703 shares changing hands.

Wall Street Analyst Weigh In

MNSO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Citigroup started coverage on MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price for the company. Finally, Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.90.

MINISO Group Trading Down 1.7 %

The business has a 50 day simple moving average of $21.59 and a 200-day simple moving average of $18.62. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.05 and a beta of 0.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group in the 2nd quarter valued at approximately $26,000. FMR LLC grew its stake in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of MINISO Group in the third quarter valued at approximately $78,000. Blue Trust Inc. lifted its position in shares of MINISO Group by 167.0% in the third quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock worth $99,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of MINISO Group in the third quarter worth $191,000. 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.