MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Unusually-High Trading Volume – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE) shares saw unusually-high trading volume on Wednesday . Approximately 204,031 shares traded hands during trading, an increase of 43% from the previous session’s volume of 142,805 shares.The stock last traded at $7.00 and had previously closed at $7.18.

MYT Netherlands Parent B.V. Price Performance

The company has a quick ratio of 0.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $582.39 million, a price-to-earnings ratio of -22.77 and a beta of 1.12. The company has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $4.61.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative return on equity of 5.43% and a negative net margin of 2.84%. The company had revenue of $240.24 million for the quarter, compared to analysts’ expectations of $248.12 million. During the same period in the prior year, the business earned ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

Several hedge funds have recently made changes to their positions in the company. SageView Advisory Group LLC purchased a new position in MYT Netherlands Parent B.V. during the first quarter worth about $47,000. Luxor Capital Group LP lifted its holdings in shares of MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after buying an additional 202,379 shares during the period. Avalon Global Asset Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after buying an additional 90,000 shares in the last quarter. Finally, Sylebra Capital LLC raised its position in MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after acquiring an additional 41,914 shares in the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

About MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.