MINISO Group (NYSE:MNSO) Hits New 1-Year Low – Time to Sell?

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.89 and last traded at $8.8550, with a volume of 119862 shares trading hands. The stock had previously closed at $9.07.

Analyst Upgrades and Downgrades

Several brokerages have commented on MNSO. China Intl Cap raised shares of MINISO Group to a “strong-buy” rating in a research report on Monday, August 31st. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lowered their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen lowered MINISO Group from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Nomura cut MINISO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.27.

MINISO Group Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average is $11.40 and its two-hundred day moving average is $13.54. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 15.18 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter. The firm had revenue of $855.25 million during the quarter. MINISO Group had a net margin of 5.32% and a return on equity of 19.41%. On average, analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current year.

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. XY Capital Ltd bought a new stake in MINISO Group in the 1st quarter valued at $2,841,000. Hsbc Holdings PLC boosted its position in MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock worth $4,844,000 after purchasing an additional 211,587 shares during the period. PNC Financial Services Group Inc. boosted its position in MINISO Group by 34.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock worth $78,000 after purchasing an additional 1,251 shares during the period. Parallel Advisors LLC increased its holdings in shares of MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after purchasing an additional 1,947 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of MINISO Group by 5,641.7% in the second quarter. Allworth Financial LP now owns 2,067 shares of the company’s stock valued at $25,000 after purchasing an additional 2,031 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited is a global value retailer that designs, sources and sells a broad range of lifestyle products under the MINISO brand. Its merchandise includes household goods, personal accessories, beauty and personal-care products, electronics, toys, stationery, food and other everyday consumer items. The company emphasizes affordable pricing, frequent product updates and collaborations with well-known intellectual property brands.

MINISO also operates TOP TOY, a brand focused on collectible toys and related products.