MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 6.1% – Should You Sell?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) traded down 6.1% during trading on Friday . The company traded as low as $7.02 and last traded at $7.02. 970 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 40,259 shares. The stock had previously closed at $7.48.

MYT Netherlands Parent B.V. Trading Down 3.2 %

The company has a market cap of $617.33 million, a P/E ratio of -16.09 and a beta of 1.01. The business’s 50-day moving average price is $6.76 and its 200 day moving average price is $5.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MYTE. Luxor Capital Group LP lifted its holdings 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 valued at $1,207,000 after purchasing an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC raised its position in shares of 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 purchasing an additional 90,000 shares during the period. Finally, Portolan Capital Management LLC lifted its stake in shares of 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 worth $6,880,000 after buying an additional 422,942 shares during the last quarter. 10.07% of the stock is currently owned by institutional investors.

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.