MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 4.3% – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE) fell 4.3% during trading on Thursday . The stock traded as low as $6.86 and last traded at $6.92. 139,057 shares traded hands during trading, a decline of 3% from the average session volume of 143,161 shares. The stock had previously closed at $7.23.

MYT Netherlands Parent B.V. Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33. The firm’s 50-day moving average price is $5.82 and its 200-day moving average price is $4.95.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings data on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.11). The company had revenue of $240.24 million for the quarter, compared to analysts’ expectations of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.17%. During the same quarter last year, the business posted ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Avalon Global Asset Management LLC boosted its holdings in MYT Netherlands Parent B.V. by 14.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after buying an additional 90,000 shares during the period. Luxor Capital Group LP boosted its stake in MYT Netherlands Parent B.V. by 591.8% during the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after buying an additional 202,379 shares during the period. Portolan Capital Management LLC grew its holdings in MYT Netherlands Parent B.V. by 30.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after purchasing an additional 422,942 shares during the last quarter. Finally, Sylebra Capital LLC raised its holdings in shares of MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after buying an additional 41,914 shares during the period. 10.07% of the stock is currently owned by institutional investors.

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.