MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 3.5% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares were down 3.5% during mid-day trading on Tuesday . The stock traded as low as $7.15 and last traded at $7.22. Approximately 301,263 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 172,407 shares. The stock had previously closed at $7.48.

MYT Netherlands Parent B.V. Stock Performance

The company has a market cap of $604.18 million, a PE ratio of -16.39 and a beta of 1.08. The firm’s fifty day moving average is $8.04 and its 200 day moving average is $8.51. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in MYTE. Cannell Capital LLC purchased a new stake in MYT Netherlands Parent B.V. in the 2nd quarter worth $3,243,000. Royal Bank of Canada increased its holdings in MYT Netherlands Parent B.V. by 49,861.8% in the 1st quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock worth $623,000 after acquiring an additional 82,272 shares in the last quarter. Monimus Capital Management LP increased its holdings in MYT Netherlands Parent B.V. by 174.3% in the 2nd quarter. Monimus Capital Management LP now owns 124,147 shares of the company’s stock worth $986,000 after acquiring an additional 78,888 shares in the last quarter. Militia Capital Partners LP purchased a new stake in MYT Netherlands Parent B.V. in the 2nd quarter worth $279,000. Finally, Boothbay Fund Management LLC increased its holdings in MYT Netherlands Parent B.V. by 22.6% in the 2nd quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock worth $1,270,000 after acquiring an additional 29,500 shares in the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

About MYT Netherlands Parent B.V.

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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.