MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 6.3% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) was down 6.3% during mid-day trading on Friday . The stock traded as low as $10.80 and last traded at $10.86. Approximately 56,234 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 169,208 shares. The stock had previously closed at $11.58.

MYT Netherlands Parent B.V. Stock Performance

The firm has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $6.27. The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The company has a market cap of $943.09 million, a PE ratio of -24.58 and a beta of 1.01.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 8.24% and a negative net margin of 4.18%. On average, research analysts forecast that MYT Netherlands Parent B.V. will post -0.34 EPS for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of MYTE. DJE Kapital AG acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth $15,667,000. Portolan Capital Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 5.4% during the fourth quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company’s stock worth $13,513,000 after buying an additional 97,527 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter worth about $4,225,000. Luxor Capital Group LP grew its holdings in shares of MYT Netherlands Parent B.V. by 94.3% during the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after buying an additional 223,013 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at about $1,598,000. 10.07% of the stock is owned by institutional investors and hedge funds.

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.