MYT Netherlands Parent B.V. (NYSE:MYTE) Trading 2.6% Higher – Still a Buy?

MYT Netherlands Parent B.V. (NYSE:MYTEGet Free Report) shares traded up 2.6% on Wednesday . The stock traded as high as $9.45 and last traded at $9.12. 171,564 shares changed hands during trading, a decline of 0% from the average session volume of 172,407 shares. The stock had previously closed at $8.89.

MYT Netherlands Parent B.V. Stock Performance

The stock has a market cap of $781.57 million, a P/E ratio of -21.21 and a beta of 1.08. The firm’s 50-day moving average is $8.66 and its two-hundred day moving average is $8.81. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in MYT Netherlands Parent B.V. by 9,153.3% during 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 last quarter. The Manufacturers Life Insurance Company acquired a new position in MYT Netherlands Parent B.V. during the second quarter valued at approximately $89,000. Americana Partners LLC acquired a new position in MYT Netherlands Parent B.V. during the third quarter valued at approximately $100,000. Militia Capital Partners LP acquired a new position in MYT Netherlands Parent B.V. during the second quarter valued at approximately $279,000. Finally, Osaic Holdings Inc. grew its holdings in MYT Netherlands Parent B.V. by 33.5% during the second quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock valued at $537,000 after purchasing an additional 16,987 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Company Profile

(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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.

Further Reading

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