MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Up – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.39, but opened at $9.92. MYT Netherlands Parent B.V. shares last traded at $10.43, with a volume of 80,983 shares trading hands.

MYT Netherlands Parent B.V. Trading Down 2.3 %

The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $7.23 and its 200-day moving average price is $5.66.

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

A number of large investors have recently added to or reduced their stakes in the company. Portolan Capital Management LLC raised its stake in shares of MYT Netherlands Parent B.V. by 30.6% during the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after acquiring an additional 422,942 shares during the last quarter. Capricorn Fund Managers Ltd bought a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $4,225,000. Finally, Luxor Capital Group LP increased its holdings in MYT Netherlands Parent B.V. by 94.3% during the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock valued at $1,751,000 after purchasing an additional 223,013 shares during the period. 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.