Pop Mart International Group (OTCMKTS:PMRTY) Shares Gap Up – Here’s What Happened

Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY) gapped up before the market opened on Friday. The stock had previously closed at $16.46, but opened at $17.44. Pop Mart International Group shares last traded at $16.74, with a volume of 10,119 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on PMRTY shares. Jefferies Financial Group downgraded Pop Mart International Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Zacks Research upgraded shares of Pop Mart International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Pop Mart International Group Price Performance

The company’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $20.02.

Pop Mart International Group Company Profile

Pop Mart International Group Ltd. is a China-based company that designs, develops and sells collectible designer toys and related consumer products. Its offerings include blind-box figures, plush toys, art toys, accessories, stationery and other merchandise built around original and licensed intellectual properties.

The company’s portfolio includes popular character lines such as The Monsters, Molly, Skullpanda, Dimoo, Crybaby, Hirono and Pucky. Pop Mart distributes its products through physical retail stores, automated vending machines, online platforms and other direct-to-consumer channels.