MYT Netherlands Parent B.V. (NYSE:MYTE – Get Free Report) was down 1.6% on Thursday . The company traded as low as $8.06 and last traded at $8.07. 110,180 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 172,407 shares. The stock had previously closed at $8.20.
MYT Netherlands Parent B.V. Price Performance
The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $7.54 and its 200-day moving average price is $8.23. The company has a market capitalization of $691.59 million, a price-to-earnings ratio of -18.77 and a beta of 1.08.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MYTE. Cannell Capital LLC bought a new position in shares of MYT Netherlands Parent B.V. in the 2nd quarter valued at about $3,243,000. Royal Bank of Canada raised its stake in shares of MYT Netherlands Parent B.V. by 49,861.8% during the first quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock worth $623,000 after buying an additional 82,272 shares during the last quarter. Monimus Capital Management LP raised its stake in shares of MYT Netherlands Parent B.V. by 174.3% during the second quarter. Monimus Capital Management LP now owns 124,147 shares of the company’s stock worth $986,000 after buying an additional 78,888 shares during the last quarter. Militia Capital Partners LP acquired a new position in MYT Netherlands Parent B.V. in the second quarter valued at approximately $279,000. Finally, Boothbay Fund Management LLC lifted its holdings in MYT Netherlands Parent B.V. by 22.6% in the second quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock valued at $1,270,000 after buying an additional 29,500 shares during the period. Institutional investors and hedge funds 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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.
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