MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Strong Trading Volume – What’s Next?

MYT Netherlands Parent B.V. (NYSE:MYTE) saw an uptick in trading volume on Wednesday . 224,625 shares were traded during trading, an increase of 65% from the previous session’s volume of 136,319 shares.The stock last traded at $7.50 and had previously closed at $7.75.

MYT Netherlands Parent B.V. Stock Performance

The firm has a fifty day moving average price of $3.93 and a 200 day moving average price of $4.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.33 and a current ratio of 2.04. The stock has a market cap of $646.02 million, a PE ratio of -23.48 and a beta of 1.12.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released 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). MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. The firm had revenue of $240.24 million during the quarter, compared to analyst estimates of $248.12 million. During the same period in the previous year, the company earned ($0.07) earnings per share.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYTE. SageView Advisory Group LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the 1st quarter valued at about $47,000. Sylebra Capital LLC grew its position in shares of MYT Netherlands Parent B.V. by 1.1% during the 1st 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 period. Avalon Global Asset Management LLC grew its position 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 acquiring an additional 90,000 shares during the period. Finally, Luxor Capital Group LP lifted its stake 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 valued at $1,207,000 after buying an additional 202,379 shares in the last quarter. 10.07% of the stock is owned by institutional investors and hedge funds.

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.