MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 1.3% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE) traded down 1.3% during trading on Tuesday . The stock traded as low as $8.84 and last traded at $8.89. 248,730 shares were traded during trading, an increase of 8% from the average session volume of 230,894 shares. The stock had previously closed at $9.01.

MYT Netherlands Parent B.V. Price Performance

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 stock’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $8.60. The stock has a market cap of $737.01 million, a price-to-earnings ratio of -20.00 and a beta of 1.08.

Institutional Trading of MYT Netherlands Parent B.V.

A number of hedge funds have recently modified their holdings of the stock. Nixon Capital LLC raised its position in 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. Woodson Capital Management LP grew its stake in shares of MYT Netherlands Parent B.V. by 14.1% during the 3rd quarter. Woodson Capital Management LP now owns 3,385,000 shares of the company’s stock worth $25,861,000 after purchasing an additional 419,036 shares during the period. Cannell Capital LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 2nd quarter valued at approximately $3,243,000. Zweig DiMenna Associates LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 2nd quarter valued at approximately $3,176,000. Finally, Royal Bank of Canada boosted its holdings in MYT Netherlands Parent B.V. by 49,861.8% during the first quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock worth $623,000 after buying an additional 82,272 shares in the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

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