Pop Mart International Group (OTCMKTS:PMRTY) Sees Strong Trading Volume – Here’s Why

Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY) saw unusually-strong trading volume on Wednesday . Approximately 29,483 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 20,249 shares.The stock last traded at $27.80 and had previously closed at $27.76.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. CLSA raised shares of Pop Mart International Group to a “strong-buy” rating in a research note on Monday, September 22nd. Zacks Research lowered shares of Pop Mart International Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Sanford C. Bernstein raised shares of Pop Mart International Group to a “strong sell” rating in a research note on Thursday, October 16th. Finally, Nomura Securities raised shares of Pop Mart International Group to a “strong-buy” rating in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Pop Mart International Group Stock Performance

The stock has a 50-day moving average of $30.19.

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.