MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 6.1% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares traded down 6.1% on Friday . The stock traded as low as $7.02 and last traded at $7.02. 970 shares were traded during trading, a decline of 98% from the average session volume of 40,259 shares. The stock had previously closed at $7.48.

MYT Netherlands Parent B.V. Stock Performance

The business’s fifty day simple moving average is $6.77 and its 200-day simple moving average is $5.34. The firm has a market cap of $625.85 million, a P/E ratio of -16.31 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Luxor Capital Group LP raised its holdings in shares of MYT Netherlands Parent B.V. by 591.8% during the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after acquiring an additional 202,379 shares in the last quarter. Avalon Global Asset Management LLC raised its holdings in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Portolan Capital Management LLC lifted its position in shares of MYT Netherlands Parent B.V. by 30.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after purchasing an additional 422,942 shares during the period. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Company Profile

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.