MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 3.5% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price fell 3.5% during trading on Tuesday . The company traded as low as $7.15 and last traded at $7.22. 301,263 shares traded hands during trading, an increase of 75% from the average session volume of 172,407 shares. The stock had previously closed at $7.48.

MYT Netherlands Parent B.V. Stock Down 3.5%

The stock has a fifty day moving average of $8.06 and a 200 day moving average of $8.53. The firm has a market capitalization of $618.75 million, a P/E ratio of -16.79 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 Trading of MYT Netherlands Parent B.V.

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position in MYT Netherlands Parent B.V. by 33.5% in the second quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock worth $537,000 after buying an additional 16,987 shares during the last quarter. Cannell Capital LLC purchased a new stake in MYT Netherlands Parent B.V. in the second quarter worth $3,243,000. Monimus Capital Management LP increased its position in 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 buying an additional 78,888 shares during the last quarter. Militia Capital Partners LP purchased a new stake in MYT Netherlands Parent B.V. in the second quarter worth $279,000. Finally, Boothbay Fund Management LLC increased its position in 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 buying an additional 29,500 shares during the last quarter. 10.07% of the stock is currently owned by institutional investors.

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.