Shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 204,031 shares were traded during trading, an increase of 43% from the previous session's volume of 142,805 shares.The stock last traded at $7.00 and had previously closed at $7.18.
MYT Netherlands Parent B.V. Price Performance
The firm has a market cap of $586.52 million, a price-to-earnings ratio of -20.97 and a beta of 1.12. The stock's 50-day moving average price is $4.67 and its 200 day moving average price is $4.58. The company has a quick ratio of 0.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.
MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative return on equity of 5.43% and a negative net margin of 2.84%. The business had revenue of $240.24 million for the quarter, compared to the consensus estimate of $248.12 million. During the same quarter in the prior year, the business earned ($0.07) EPS.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
Several institutional investors have recently added to or reduced their stakes in MYTE. Luxor Capital Group LP increased its holdings in MYT Netherlands Parent B.V. by 591.8% during the 2nd 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 in the last quarter. Avalon Global Asset Management LLC increased its stake in shares of MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company's stock valued at $3,570,000 after buying an additional 90,000 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company's stock valued at $12,387,000 after buying an additional 41,914 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of MYT Netherlands Parent B.V. in the first quarter valued at about $47,000. 10.07% of the stock is owned by institutional investors.
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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