MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Up 7.1% – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price was up 7.1% on Wednesday . The company traded as high as $6.79 and last traded at $6.77. Approximately 80,635 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 142,405 shares. The stock had previously closed at $6.32.

MYT Netherlands Parent B.V. Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33. The firm has a market capitalization of $613.94 million, a P/E ratio of -21.07 and a beta of 0.98. The stock’s 50 day moving average is $5.75 and its two-hundred day moving average is $4.93.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.11). The company had revenue of $240.24 million during the quarter, compared to analyst estimates of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. During the same quarter last year, the company earned ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

A number of hedge funds have recently modified their holdings of MYTE. Sylebra Capital LLC grew its position in MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock valued at $12,387,000 after acquiring an additional 41,914 shares during the last quarter. Portolan Capital Management LLC boosted its stake 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 valued at $6,880,000 after purchasing an additional 422,942 shares in the last quarter. Avalon Global Asset Management LLC grew its holdings in shares of MYT Netherlands Parent B.V. by 14.8% during the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Luxor Capital Group LP grew its holdings in shares of MYT Netherlands Parent B.V. by 94.3% during the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock valued at $1,751,000 after purchasing an additional 223,013 shares during the last quarter. 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.