MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Up – Should You Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares gapped up before the market opened on Tuesday . The stock had previously closed at $6.76, but opened at $6.90. MYT Netherlands Parent B.V. shares last traded at $7.54, with a volume of 754,193 shares.

MYT Netherlands Parent B.V. Price Performance

The stock has a market capitalization of $693.62 million, a P/E ratio of -20.48 and a beta of 1.12. The business’s 50 day simple moving average is $3.86 and its two-hundred day simple moving average is $4.26. The company has a quick ratio of 0.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $248.12 million. During the same period in the previous year, the business earned ($0.07) earnings per share.

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

Large investors have recently modified their holdings of the business. Luxor Capital Group LP grew 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 worth $1,207,000 after buying an additional 202,379 shares in the last quarter. Avalon Global Asset Management LLC grew its stake in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after buying an additional 90,000 shares in the last quarter. Sylebra Capital LLC grew its stake in MYT Netherlands Parent B.V. by 1.1% in the 1st quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after buying an additional 41,914 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new position in MYT Netherlands Parent B.V. in the 1st quarter worth approximately $47,000. Hedge funds and other 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.