Pop Mart International Group (OTCMKTS:PMRTY) Trading 5.6% Higher – Should You Buy?

Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY)’s stock price rose 5.6% during trading on Monday . The stock traded as high as $27.70 and last traded at $27.70. Approximately 375 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 20,315 shares. The stock had previously closed at $26.23.

Analyst Ratings Changes

A number of research firms have recently weighed in on PMRTY. Nomura Securities upgraded Pop Mart International Group to a “strong-buy” rating in a report on Thursday, October 23rd. Zacks Research cut Pop Mart International Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Sanford C. Bernstein raised Pop Mart International Group to a “strong sell” rating in a research note on Thursday, October 16th. Finally, CLSA raised Pop Mart International Group to a “strong-buy” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Pop Mart International Group has an average rating of “Moderate Buy”.

Pop Mart International Group Stock Performance

The business’s 50 day simple moving average is $30.66.

About Pop Mart International Group

Pop Mart International Group Limited is an investment holding company engages in the design, development and sale of pop toys principally in the People’s Republic of China, Hong Kong, Macao, Taiwan and internationally. The company offers blind boxes. Pop Mart International Group Limited is based in Beijing, the People’s Republic of China.