MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Down – Here’s Why

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) gapped down before the market opened on Friday . The stock had previously closed at $9.27, but opened at $9.06. MYT Netherlands Parent B.V. shares last traded at $9.12, with a volume of 15,032 shares traded.

MYT Netherlands Parent B.V. Stock Performance

The stock’s 50 day simple moving average is $7.29 and its two-hundred day simple moving average is $5.69. The company has a market cap of $808.02 million, a PE ratio of -21.06 and a beta of 0.97. The company has a quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10.

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors and hedge funds have recently bought and sold shares of the business. Luxor Capital Group LP grew its stake in shares of MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after buying an additional 202,379 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at approximately $4,225,000. Finally, 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 purchasing an additional 422,942 shares during the period. 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.