MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Up 0.4% – Time to Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price shot up 0.4% on Monday . The stock traded as high as $9.68 and last traded at $9.41. Approximately 145,001 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 230,894 shares. The stock had previously closed at $9.37.

MYT Netherlands Parent B.V. Price Performance

The company has a 50 day moving average of $8.79 and a two-hundred day moving average of $8.60. The firm has a market cap of $806.43 million, a P/E ratio of -21.88 and a beta of 1.08. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

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

Several hedge funds have recently made changes to their positions in MYTE. Cubist Systematic Strategies LLC increased its holdings in shares of MYT Netherlands Parent B.V. by 93.4% in the first quarter. Cubist Systematic Strategies LLC now owns 55,481 shares of the company’s stock valued at $419,000 after buying an additional 26,789 shares in the last quarter. Bosun Asset Management LLC acquired a new position in shares of MYT Netherlands Parent B.V. in the 1st quarter worth $207,000. Zweig DiMenna Associates LLC acquired a new position in shares of MYT Netherlands Parent B.V. in the 2nd quarter worth $3,176,000. Invesco Ltd. raised its position in shares of MYT Netherlands Parent B.V. by 6.8% during the first quarter. Invesco Ltd. now owns 893,144 shares of the company’s stock worth $6,752,000 after purchasing an additional 56,657 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the first quarter worth $169,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.