MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Down – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price gapped down prior to trading 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.

MYT Netherlands Parent B.V. Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95. The firm has a fifty day simple moving average of $7.36 and a 200 day simple moving average of $5.73. The company has a market capitalization of $798.98 million, a PE ratio of -20.82 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Portolan Capital Management LLC raised its holdings in shares of 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 valued at $6,880,000 after purchasing an additional 422,942 shares in the last quarter. Capricorn Fund Managers Ltd purchased a new position in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $4,225,000. Finally, Luxor Capital Group LP raised its stake in MYT Netherlands Parent B.V. by 94.3% in the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after buying an additional 223,013 shares in 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.