MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Strong Trading Volume – Time to Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares saw unusually-high trading volume on Monday . Approximately 40,062 shares changed hands during trading, a decline of 11% from the previous session’s volume of 45,017 shares.The stock last traded at $7.66 and had previously closed at $7.24.

MYT Netherlands Parent B.V. Stock Up 3.2 %

The company has a market cap of $636.94 million, a P/E ratio of -16.60 and a beta of 0.97. The stock’s 50-day moving average price is $6.76 and its 200-day moving average price is $5.37. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MYTE. Avalon Global Asset Management LLC boosted its stake in MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 90,000 shares during the last quarter. Luxor Capital Group LP boosted its holdings in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after purchasing an additional 202,379 shares during the period. Finally, Portolan Capital Management LLC increased its stake in MYT Netherlands Parent B.V. by 30.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after acquiring an additional 422,942 shares during the last quarter. 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.