MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Unusually-High Trading Volume – Should You Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares saw strong trading volume on Thursday . 45,559 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 58,625 shares.The stock last traded at $7.77 and had previously closed at $7.62.

MYT Netherlands Parent B.V. Stock Performance

The firm’s fifty day moving average price is $7.03 and its 200 day moving average price is $5.56. 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 capitalization of $801.54 million, a price-to-earnings ratio of -20.89 and a beta of 0.97.

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

Large investors have recently modified their holdings of the company. Luxor Capital Group LP boosted its stake in MYT Netherlands Parent B.V. by 591.8% during 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 during the period. Avalon Global Asset Management LLC boosted 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 during the period. Capricorn Fund Managers Ltd acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth $4,225,000. Finally, Portolan Capital Management LLC boosted its stake 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.