MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Unusually-High Trading Volume – Still a Buy?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) saw strong trading volume on Monday . 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 quick ratio of 0.26, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $636.94 million, a P/E ratio of -16.60 and a beta of 0.97. The firm has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $5.37.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

Several large investors have recently made changes to their positions in the stock. Luxor Capital Group LP increased its stake in shares of MYT Netherlands Parent B.V. by 94.3% during the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after purchasing an additional 223,013 shares during the period. Portolan Capital Management LLC raised its position in MYT Netherlands Parent B.V. by 30.6% in 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 last quarter. Finally, Avalon Global Asset Management LLC increased its position 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 valued at $3,570,000 after acquiring an additional 90,000 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.