MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 4.3% – What’s Next?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares fell 4.3% on Thursday . The company traded as low as $6.86 and last traded at $6.92. 139,057 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 143,161 shares. The stock had previously closed at $7.23.

MYT Netherlands Parent B.V. Stock Down 0.3 %

The stock’s 50-day moving average price is $5.94 and its two-hundred day moving average price is $4.98. The company has a current ratio of 1.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $596.86 million, a P/E ratio of -15.56 and a beta of 0.98.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.24%. The firm had revenue of $240.24 million during the quarter, compared to the consensus estimate of $248.12 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC grew its position in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after buying an additional 41,914 shares in the last quarter. Portolan Capital Management LLC increased its position in shares of MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after purchasing an additional 422,942 shares during the last quarter. Avalon Global Asset Management LLC raised its stake in MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Luxor Capital Group LP lifted its position in 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 valued at $1,751,000 after purchasing an additional 223,013 shares during the last quarter. Institutional investors 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.