MINISO Group (NYSE:MNSO) Shares Up 7.2%

MINISO Group Holding Limited (NYSE:MNSO) was up 7.2% on Friday . The stock traded as high as $18.05 and last traded at $17.49. Approximately 363,975 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,395,191 shares. The stock had previously closed at $16.32.

MINISO Group Price Performance

The business has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $19.65. The company has a market capitalization of $5.17 billion, a P/E ratio of 16.50, a PEG ratio of 0.59 and a beta of 0.18. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On MINISO Group

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of MINISO Group by 51.4% in the fourth quarter. Russell Investments Group Ltd. now owns 602,983 shares of the company’s stock worth $12,277,000 after purchasing an additional 204,783 shares in the last quarter. Van ECK Associates Corp increased its stake in MINISO Group by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 615,473 shares of the company’s stock valued at $12,556,000 after buying an additional 64,373 shares during the period. Victory Capital Management Inc. raised its position in shares of MINISO Group by 24.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock worth $24,347,000 after buying an additional 230,769 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of MINISO Group during the 4th quarter worth about $1,547,000. Finally, Avalon Trust Co acquired a new stake in shares of MINISO Group in the 4th quarter worth approximately $26,000. 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.