MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Up 3.9% – Should You Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $8.06 and last traded at $7.94. 137,689 shares traded hands during trading, a decline of 40% from the average session volume of 230,894 shares. The stock had previously closed at $7.64.

MYT Netherlands Parent B.V. Trading Up 5.9%

The stock has a market capitalization of $719.87 million, a price-to-earnings ratio of -19.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The business’s 50-day simple moving average is $8.72 and its two-hundred day simple moving average is $8.81.

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors have recently added to or reduced their stakes in the business. Woodson Capital Management LP raised its position in MYT Netherlands Parent B.V. by 14.1% in the third quarter. Woodson Capital Management LP now owns 3,385,000 shares of the company’s stock valued at $25,861,000 after purchasing an additional 419,036 shares during the period. Nixon Capital LLC boosted its position in shares of MYT Netherlands Parent B.V. by 158.1% in the third quarter. Nixon Capital LLC now owns 1,090,099 shares of the company’s stock worth $8,328,000 after buying an additional 667,689 shares during the period. Avalon Global Asset Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 6.2% in the second quarter. Avalon Global Asset Management LLC now owns 855,000 shares of the company’s stock valued at $6,789,000 after buying an additional 50,000 shares in the last quarter. Cannell Capital LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the second quarter valued at about $3,243,000. Finally, Zazove Associates LLC raised its holdings in shares of MYT Netherlands Parent B.V. by 37.1% during the 3rd quarter. Zazove Associates LLC now owns 170,000 shares of the company’s stock valued at $1,299,000 after buying an additional 46,028 shares during the period. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.