MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 4.3% – Here’s Why

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) fell 4.3% during mid-day trading on Thursday . The stock traded as low as $6.86 and last traded at $6.92. 139,057 shares were traded during trading, a decline of 3% from the average session volume of 143,161 shares. The stock had previously closed at $7.23.

MYT Netherlands Parent B.V. Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.33. The stock has a market cap of $596.86 million, a P/E ratio of -15.56 and a beta of 0.98. The company has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $4.98.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.11). The firm had revenue of $240.24 million during the quarter, compared to analysts’ expectations of $248.12 million. MYT Netherlands Parent B.V. had a negative return on equity of 8.24% and a negative net margin of 4.18%. During the same period in the prior year, the company earned ($0.07) EPS.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several institutional investors and hedge funds have recently made changes to their positions in MYTE. Sylebra Capital LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock valued at $12,387,000 after purchasing an additional 41,914 shares during the period. Avalon Global Asset Management LLC boosted its position in 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 buying an additional 90,000 shares during the period. Luxor Capital Group LP grew its holdings in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after acquiring an additional 202,379 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in shares of 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 acquiring an additional 422,942 shares during the period. Institutional investors own 10.07% of the company’s stock.

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.