MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 1.2%

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price was down 1.2% during mid-day trading on Monday . The company traded as low as $4.91 and last traded at $5.04. Approximately 26,007 shares traded hands during trading, a decline of 62% from the average daily volume of 68,250 shares. The stock had previously closed at $5.10.

Analyst Upgrades and Downgrades

Separately, TD Cowen increased their price objective on MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 16th.

MYT Netherlands Parent B.V. Stock Down 4.8 %

The company has a market cap of $403.75 million, a PE ratio of -15.12 and a beta of 1.12. The company has a quick ratio of 0.32, a current ratio of 2.20 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $4.94 and its 200-day moving average is $3.87.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). MYT Netherlands Parent B.V. had a negative return on equity of 5.93% and a negative net margin of 3.16%. The company had revenue of $253.95 million during the quarter, compared to analyst estimates of $247.76 million. On average, analysts predict that MYT Netherlands Parent B.V. will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MYTE. Sylebra Capital LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 3rd quarter valued at about $12,982,000. Vontobel Holding Ltd. lifted its holdings in MYT Netherlands Parent B.V. by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company’s stock valued at $559,000 after purchasing an additional 20,410 shares in the last quarter. CastleKnight Management LP lifted its holdings in MYT Netherlands Parent B.V. by 71.5% during the fourth quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock valued at $680,000 after purchasing an additional 88,872 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of MYT Netherlands Parent B.V. in the first quarter worth approximately $47,000. 10.07% of the stock is currently owned by 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.