MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.1250.

MNSO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on MINISO Group in a research note on Tuesday, November 25th. They issued a “buy” rating and a $23.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a research note on Tuesday, December 16th.

Hedge Funds Weigh In On MINISO Group

Large investors have recently bought and sold shares of the stock. Brooklyn Investment Group raised its stake in shares of MINISO Group by 579.4% during the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company’s stock valued at $31,000 after purchasing an additional 1,408 shares during the period. Linden Advisors LP purchased a new position in MINISO Group in the first quarter valued at about $1,566,000. Vident Advisory LLC grew its stake in MINISO Group by 14.5% during the 1st quarter. Vident Advisory LLC now owns 24,680 shares of the company’s stock valued at $456,000 after purchasing an additional 3,121 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in MINISO Group during the 1st quarter worth approximately $952,000. Finally, Royal Bank of Canada increased its position in shares of MINISO Group by 66.4% in the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after purchasing an additional 10,747 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

NYSE MNSO opened at $19.84 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The company has a market capitalization of $6.14 billion, a P/E ratio of 20.45, a PEG ratio of 2.25 and a beta of 0.15. The business has a 50 day moving average price of $20.72 and a 200 day moving average price of $20.77. MINISO Group has a 1-year low of $13.94 and a 1-year high of $27.71.

About MINISO Group

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.