MYT Netherlands Parent B.V. (NYSE:MYTE) Trading 2.6% Higher – Still a Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price traded up 2.6% during mid-day trading on Wednesday . The stock traded as high as $9.45 and last traded at $9.12. 171,564 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 172,407 shares. The stock had previously closed at $8.89.

MYT Netherlands Parent B.V. Stock Performance

The firm’s 50 day moving average price is $8.66 and its 200-day moving average price is $8.81. The firm has a market cap of $781.57 million, a price-to-earnings ratio of -21.21 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.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Woodson Capital Management LP grew its stake in shares of 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 worth $25,861,000 after acquiring an additional 419,036 shares during the last quarter. Nixon Capital LLC grew its stake 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 acquiring an additional 667,689 shares during the last quarter. Cannell Capital LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the second quarter worth $3,243,000. Boothbay Fund Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 22.6% in the second quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock worth $1,270,000 after acquiring an additional 29,500 shares during the last quarter. Finally, Monimus Capital Management LP grew its stake in shares of MYT Netherlands Parent B.V. by 174.3% in the second quarter. Monimus Capital Management LP now owns 124,147 shares of the company’s stock worth $986,000 after acquiring an additional 78,888 shares during the last quarter. Institutional investors and hedge funds 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.