MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Up 7.1% – Should You Buy?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) were up 7.1% during trading on Wednesday . The company traded as high as $6.79 and last traded at $6.77. Approximately 80,635 shares were traded during trading, a decline of 43% from the average daily volume of 142,405 shares. The stock had previously closed at $6.32.

MYT Netherlands Parent B.V. Stock Performance

The firm’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $4.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33. The company has a market capitalization of $613.94 million, a price-to-earnings ratio of -21.07 and a beta of 0.98.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (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 business had revenue of $240.24 million during the quarter, compared to analysts’ expectations of $248.12 million. During the same quarter in the previous year, the company earned ($0.07) EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP raised its position in shares of MYT Netherlands Parent B.V. by 591.8% during the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after buying an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC lifted its position in shares of 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 acquiring an additional 90,000 shares during the period. Portolan Capital Management LLC grew its holdings in shares of MYT Netherlands Parent B.V. by 30.6% during the 3rd 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 in the last quarter. Finally, Sylebra Capital LLC increased its position in shares of 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 valued at $12,387,000 after purchasing an additional 41,914 shares during the period. 10.07% of the stock is 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.