MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 0.1% – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE) rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $9.75 and last traded at $9.68. Approximately 313,362 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 230,894 shares. The stock had previously closed at $9.67.

MYT Netherlands Parent B.V. Stock Performance

The stock has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $8.84. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market cap of $807.28 million, a price-to-earnings ratio of -21.91 and a beta of 1.08.

Institutional Trading of MYT Netherlands Parent B.V.

Hedge funds have recently made changes to their positions in the company. Woodson Capital Management LP lifted its holdings in MYT Netherlands Parent B.V. by 14.1% in the 3rd quarter. Woodson Capital Management LP now owns 3,385,000 shares of the company’s stock worth $25,861,000 after buying an additional 419,036 shares in the last quarter. Nixon Capital LLC grew its stake in shares of MYT Netherlands Parent B.V. by 158.1% during the third quarter. Nixon Capital LLC now owns 1,090,099 shares of the company’s stock valued at $8,328,000 after acquiring an additional 667,689 shares in the last quarter. Delta Investment Management LLC purchased a new stake in shares of MYT Netherlands Parent B.V. during the third quarter worth about $82,000. Zazove Associates LLC lifted its stake in shares of MYT Netherlands Parent B.V. by 37.1% in the third quarter. Zazove Associates LLC now owns 170,000 shares of the company’s stock worth $1,299,000 after acquiring an additional 46,028 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of MYT Netherlands Parent B.V. by 33.5% in the second quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock worth $537,000 after acquiring an additional 16,987 shares in the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

About MYT Netherlands Parent B.V.

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.