Maison Solutions (NASDAQ:MSS) Stock Price Up 18.9% – Here’s Why

Maison Solutions Inc. (NASDAQ:MSS)’s share price was up 18.9% during mid-day trading on Tuesday . The company traded as high as $1.15 and last traded at $1.13. Approximately 1,099,134 shares changed hands during mid-day trading, an increase of 459% from the average daily volume of 196,723 shares. The stock had previously closed at $0.9501.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MSS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Maison Solutions in a research report on Tuesday, April 21st. Zacks Research cut shares of Maison Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Ascendiant Capital Markets reduced their target price on shares of Maison Solutions from $45.00 to $32.50 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $32.50.

Maison Solutions Stock Performance

The firm has a market cap of $3.45 million, a price-to-earnings ratio of -0.21 and a beta of 3.86. The stock has a 50 day moving average of $1.26 and a 200 day moving average of $2.62. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 0.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Maison Solutions stock. XTX Topco Ltd purchased a new stake in Maison Solutions Inc. (NASDAQ:MSS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,727 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned approximately 0.16% of Maison Solutions as of its most recent SEC filing. 2.37% of the stock is owned by institutional investors.

About Maison Solutions

Maison Solutions Inc, together with its subsidiaries, operates as the specialty grocery retailer in California. The company offers perishable products, such as meat, seafood, vegetables, and fruit; non-perishable products, including grocery products comprising cooking utensils, canned foods, Chinese and Asian seasonings and spices, and snacks, as well as liquor, cigarette, lottery, newspaper, reusable bag, non-food, and health products, and general merchandise, beauty care, pharmacy, fuel, and other items and services in its stores.