MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) shares were down 6.1% during mid-day trading on Friday . The company traded as low as $7.02 and last traded at $7.02. Approximately 970 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 40,259 shares. The stock had previously closed at $7.48.
MYT Netherlands Parent B.V. Stock Down 3.2 %
The stock has a market capitalization of $617.33 million, a P/E ratio of -16.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26. The firm has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $5.34.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
A number of hedge funds have recently modified their holdings of the business. Luxor Capital Group LP increased its stake in shares of MYT Netherlands Parent B.V. by 94.3% in the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company's stock valued at $1,751,000 after buying an additional 223,013 shares during the period. Avalon Global Asset Management LLC boosted 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 worth $3,570,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Portolan Capital Management LLC grew its stake in MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company's stock valued at $6,880,000 after acquiring an additional 422,942 shares during the period. Institutional investors and hedge funds own 10.07% of the company's stock.
MYT Netherlands Parent B.V. Company Profile
(
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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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