MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 3.5% – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price fell 3.5% during trading on Monday . The stock traded as low as $7.95 and last traded at $7.95. 11,404 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 208,201 shares. The stock had previously closed at $8.24.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $14.00 in a report on Monday, March 3rd.

MYT Netherlands Parent B.V. Trading Down 4.8 %

The firm has a market capitalization of $672.31 million, a price-to-earnings ratio of -18.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The business’s 50-day moving average price is $8.63 and its 200 day moving average price is $8.03.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. On average, equities analysts forecast that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of MYT Netherlands Parent B.V.

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $30,000 after buying an additional 4,119 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of MYT Netherlands Parent B.V. in the first quarter valued at about $47,000. JPMorgan Chase & Co. acquired a new stake in MYT Netherlands Parent B.V. in the fourth quarter worth about $80,000. XTX Topco Ltd acquired a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $96,000. Finally, BNP Paribas Financial Markets bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $106,000. Institutional investors and hedge funds 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.