MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Down 4.4% – Should You Sell?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) dropped 4.4% during mid-day trading on Monday . The stock traded as low as $7.13 and last traded at $7.18. Approximately 39,188 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 143,232 shares. The stock had previously closed at $7.51.

MYT Netherlands Parent B.V. Trading Up 0.7 %

The business’s 50-day moving average price is $5.01 and its 200 day moving average price is $4.70. The company has a market cap of $608.80 million, a P/E ratio of -23.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.33 and a current ratio of 2.04.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. The firm had revenue of $240.24 million during the quarter, compared to the consensus estimate of $248.12 million. During the same period last year, the business earned ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

Several hedge funds and other institutional investors have recently bought and sold shares of MYTE. SageView Advisory Group LLC acquired a new stake in MYT Netherlands Parent B.V. in the 1st quarter worth about $47,000. Sylebra Capital LLC raised its stake in MYT Netherlands Parent B.V. by 1.1% in the 1st quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after purchasing an additional 41,914 shares in the last quarter. Avalon Global Asset Management LLC raised its stake in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Luxor Capital Group LP raised its stake in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after purchasing an additional 202,379 shares in 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.