MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $9.39, but opened at $9.92. MYT Netherlands Parent B.V. shares last traded at $10.43, with a volume of 80,983 shares trading hands.
MYT Netherlands Parent B.V. Stock Up 2.8 %
The firm has a market capitalization of $822.86 million, a price-to-earnings ratio of -21.44 and a beta of 0.97. The business has a 50 day moving average of $7.17 and a 200 day moving average of $5.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
A number of hedge funds have recently made changes to their positions in the business. Capricorn Fund Managers Ltd bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $4,225,000. Luxor Capital Group LP boosted its holdings in MYT Netherlands Parent B.V. by 94.3% during the third 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 in the last quarter. Finally, Portolan Capital Management LLC grew 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 during the period. Institutional investors and hedge funds own 10.07% of the company's stock.
About MYT Netherlands Parent B.V.
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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.
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