MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 5.2% – Should You Buy?

Posted by Jeff Wilder on Jan 31st, 2025

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report)’s share price rose 5.2% during mid-day trading on Friday . The company traded as high as $9.58 and last traded at $9.76. Approximately 14,218 shares traded hands during trading, a decline of 90% from the average daily volume of 138,432 shares. The stock had previously closed at $9.27.

MYT Netherlands Parent B.V. Price Performance

The company’s 50-day simple moving average is $7.57 and its 200 day simple moving average is $5.85. The company has a market cap of $843.32 million, a PE ratio of -21.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MYTE. Coronation Fund Managers Ltd. acquired a new stake in MYT Netherlands Parent B.V. in the 4th quarter valued at about $124,000. Luxor Capital Group LP increased its stake in shares of MYT Netherlands Parent B.V. by 94.3% during the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after buying an additional 223,013 shares during the period. Capricorn Fund Managers Ltd acquired a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $4,225,000. Finally, Portolan Capital Management LLC lifted its stake in MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after acquiring an additional 422,942 shares during the last quarter. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About MYT Netherlands Parent B.V.

(Get Free Report)

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.