MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Up 9.7% – Time to Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price shot up 9.7% during trading on Friday . The company traded as high as $7.50 and last traded at $7.49. 48,359 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 143,014 shares. The stock had previously closed at $6.83.

MYT Netherlands Parent B.V. Stock Performance

The business has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.64. The company has a quick ratio of 0.33, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $638.37 million, a PE ratio of -22.76 and a beta of 1.12.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released 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 net margin of 2.84% and a negative return on equity of 5.43%. The business had revenue of $240.24 million during the quarter, compared to analysts’ expectations of $248.12 million. During the same quarter last year, the business posted ($0.07) earnings per share.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP raised its stake in MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after buying an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC raised 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 worth $3,570,000 after purchasing an additional 90,000 shares during the last quarter. Sylebra Capital LLC raised its stake 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 worth $12,387,000 after purchasing an additional 41,914 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the first quarter worth about $47,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Company Profile

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.