MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 4.4% – Should You Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price traded down 4.4% during mid-day trading on Monday . The company traded as low as $7.13 and last traded at $7.18. 39,188 shares traded hands during trading, a decline of 73% from the average session volume of 143,232 shares. The stock had previously closed at $7.51.

MYT Netherlands Parent B.V. Stock Down 5.6 %

The stock has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $4.65. The firm has a market cap of $602.67 million, a PE ratio of -22.76 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 0.33.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative return on equity of 5.43% and a negative net margin of 2.84%. The business had revenue of $240.24 million during the quarter, compared to analysts’ expectations of $248.12 million. During the same quarter in the prior year, the firm earned ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

Several large investors have recently modified their holdings of MYTE. Luxor Capital Group LP grew its holdings 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 worth $1,207,000 after acquiring an additional 202,379 shares during the period. Avalon Global Asset Management LLC grew its holdings 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 worth $3,570,000 after acquiring an additional 90,000 shares during the period. Sylebra Capital LLC grew its holdings in shares of MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after acquiring an additional 41,914 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in MYT Netherlands Parent B.V. during the first quarter valued at about $47,000. Institutional investors 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.