MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 6% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) was down 6% on Tuesday . The company traded as low as $7.16 and last traded at $7.16. Approximately 100,011 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 149,380 shares. The stock had previously closed at $7.62.

MYT Netherlands Parent B.V. Price Performance

The company has a fifty day moving average of $6.83 and a 200-day moving average of $5.19. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The stock has a market cap of $650.58 million, a PE ratio of -16.38 and a beta of 1.01.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

Large investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP increased 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 worth $1,207,000 after acquiring an additional 202,379 shares during the period. Avalon Global Asset Management LLC grew its stake in MYT Netherlands Parent B.V. by 14.8% during 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, Portolan Capital Management LLC increased its holdings in 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 during the period. 10.07% of the stock is owned by hedge funds and other 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.