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MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 2.5% - Here's What Happened

MYT Netherlands Parent B.V. logo with Retail/Wholesale background

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) traded down 2.5% during mid-day trading on Wednesday . The stock traded as low as $7.09 and last traded at $7.13. 62,748 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 142,464 shares. The stock had previously closed at $7.31.

MYT Netherlands Parent B.V. Trading Down 0.5 %

The company has a market capitalization of $617.97 million, a P/E ratio of -22.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33. The firm has a fifty day moving average price of $4.38 and a 200-day moving average price of $4.47.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.11). The business had revenue of $240.24 million during the quarter, compared to the consensus estimate of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. During the same period in the prior year, the company earned ($0.07) earnings per share.

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

Several institutional investors and hedge funds have recently bought and sold shares of MYTE. Luxor Capital Group LP grew its holdings in MYT Netherlands Parent B.V. by 591.8% during the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company's stock valued at $1,207,000 after purchasing an additional 202,379 shares during the period. Avalon Global Asset Management LLC grew its holdings in MYT Netherlands Parent B.V. by 14.8% during the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company's stock valued at $3,570,000 after purchasing an additional 90,000 shares during the period. Sylebra Capital LLC grew its holdings in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company's stock valued at $12,387,000 after purchasing an additional 41,914 shares during the period. Finally, SageView Advisory Group LLC bought a new position in MYT Netherlands Parent B.V. during the first quarter valued at $47,000. 10.07% of the stock is owned by institutional investors.

About MYT Netherlands Parent B.V.

(Get Free Report)

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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