MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 9.7% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price rose 9.7% during trading on Friday . The company traded as high as $7.50 and last traded at $7.49. Approximately 48,359 shares changed hands during trading, a decline of 66% from the average daily volume of 143,014 shares. The stock had previously closed at $6.83.

MYT Netherlands Parent B.V. Price Performance

The stock has a market cap of $629.02 million, a PE ratio of -22.36 and a beta of 1.12. The company has a 50-day simple moving average of $4.80 and a 200-day simple moving average of $4.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative return on equity of 5.43% and a negative net margin of 2.84%. The company had revenue of $240.24 million for the quarter, compared to analysts’ expectations of $248.12 million. During the same period in the prior year, the firm posted ($0.07) EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sylebra Capital LLC increased its position in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after purchasing an additional 41,914 shares during the last quarter. Avalon Global Asset Management LLC grew its holdings in shares of 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. Luxor Capital Group LP increased its position 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 in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the first quarter worth $47,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.