MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report) shares saw strong trading volume on Thursday . 45,559 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 58,625 shares.The stock last traded at $7.77 and had previously closed at $7.62.
MYT Netherlands Parent B.V. Price Performance
The company has a market cap of $801.54 million, a price-to-earnings ratio of -20.89 and a beta of 0.97. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average price is $7.03 and its 200 day moving average price is $5.56.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
Several hedge funds have recently added to or reduced their stakes in MYTE. Avalon Global Asset Management LLC grew its holdings in shares of MYT Netherlands Parent B.V. by 14.8% during the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after buying an additional 90,000 shares in the last quarter. Luxor Capital Group LP grew its holdings in MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after purchasing an additional 202,379 shares during the period. Portolan Capital Management LLC grew its holdings 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 valued at $6,880,000 after purchasing an additional 422,942 shares during the period. Finally, Capricorn Fund Managers Ltd purchased a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $4,225,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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