MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report)'s stock price was down 7.3% on Friday . The stock traded as low as $9.56 and last traded at $9.81. Approximately 143,965 shares changed hands during trading, a decline of 20% from the average daily volume of 180,115 shares. The stock had previously closed at $10.58.
Wall Street Analysts Forecast Growth
Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.
Check Out Our Latest Analysis on MYTE
MYT Netherlands Parent B.V. Price Performance
The company has a market capitalization of $755.88 million, a P/E ratio of -20.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The company's 50-day moving average price is $9.54 and its two-hundred day moving average price is $7.15.
MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. As a group, sell-side analysts expect that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock valued at $30,000 after purchasing an additional 4,119 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter valued at about $80,000. XTX Topco Ltd bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $96,000. BNP Paribas Financial Markets bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $106,000. Finally, Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $124,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.
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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