MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Up – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.39, but opened at $9.92. MYT Netherlands Parent B.V. shares last traded at $10.43, with a volume of 80,983 shares traded.

MYT Netherlands Parent B.V. Trading Down 2.3 %

The stock has a 50 day moving average of $7.23 and a 200 day moving average of $5.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several institutional investors have recently modified their holdings of the company. Luxor Capital Group LP raised its position 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 worth $1,207,000 after purchasing an additional 202,379 shares during the period. Portolan Capital Management LLC increased its holdings in shares of 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 worth $6,880,000 after buying an additional 422,942 shares during the period. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $4,225,000. 10.07% of the stock is currently owned by institutional investors.

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.