MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report)'s stock price was down 2.6% during mid-day trading on Wednesday . The stock traded as low as $7.87 and last traded at $8.06. Approximately 15,361 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 193,059 shares. The stock had previously closed at $8.27.
Analyst Ratings Changes
Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $14.00 in a report on Monday, March 3rd.
Get Our Latest Stock Report on MYT Netherlands Parent B.V.
MYT Netherlands Parent B.V. Stock Performance
The stock has a market cap of $671.38 million, a price-to-earnings ratio of -18.31 and a beta of 0.96. The company's fifty day simple moving average is $9.72 and its two-hundred day simple moving average is $7.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22.
MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, analysts forecast that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current year.
Institutional Investors Weigh In On MYT Netherlands Parent B.V.
Institutional investors have recently bought and sold shares of the stock. Luxor Capital Group LP boosted its holdings in MYT Netherlands Parent B.V. by 94.3% during the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company's stock worth $1,751,000 after acquiring an additional 223,013 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at about $4,225,000. Portolan Capital Management LLC boosted its holdings in MYT Netherlands Parent B.V. by 30.6% during the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company's stock worth $6,880,000 after purchasing an additional 422,942 shares during the last quarter. DJE Kapital AG bought a new stake in MYT Netherlands Parent B.V. in the 4th quarter worth about $15,667,000. Finally, Coronation Fund Managers Ltd. bought a new stake in MYT Netherlands Parent B.V. in the 4th quarter worth about $124,000. Institutional investors 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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