MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Up 3.4% – What’s Next?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares were up 3.4% on Thursday . The stock traded as high as $8.0350 and last traded at $7.97. 326,646 shares were traded during trading, an increase of 89% from the average session volume of 172,407 shares. The stock had previously closed at $7.71.

MYT Netherlands Parent B.V. Stock Performance

The stock has a market cap of $683.02 million, a P/E ratio of -18.53 and a beta of 1.08. The business has a 50 day moving average price of $7.82 and a 200 day moving average price of $8.22. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

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

Several hedge funds have recently bought and sold shares of MYTE. Bank of America Corp DE lifted its position in MYT Netherlands Parent B.V. by 9,153.3% in the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock valued at $30,000 after purchasing an additional 4,119 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of MYT Netherlands Parent B.V. in the second quarter worth about $89,000. Osaic Holdings Inc. lifted its stake in MYT Netherlands Parent B.V. by 33.5% in the 2nd quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock worth $537,000 after acquiring an additional 16,987 shares in the last quarter. Boothbay Fund Management LLC boosted its position in MYT Netherlands Parent B.V. by 22.6% during the second quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock valued at $1,270,000 after purchasing an additional 29,500 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in MYT Netherlands Parent B.V. in the second quarter worth approximately $279,000. 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.