MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 3.9% – Should You Buy?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) were up 3.9% during trading on Tuesday . The company traded as high as $6.68 and last traded at $6.68. Approximately 41,583 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 145,574 shares. The stock had previously closed at $6.43.

MYT Netherlands Parent B.V. Stock Up 11.4 %

The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The stock has a market cap of $610.50 million, a P/E ratio of -14.24 and a beta of 1.01. The stock’s fifty day moving average price is $6.55 and its 200 day moving average price is $5.13.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.11). The firm had revenue of $240.24 million for the quarter, compared to the consensus estimate of $248.12 million. MYT Netherlands Parent B.V. had a negative return on equity of 8.24% and a negative net margin of 4.18%. During the same period last year, the firm earned ($0.07) EPS. As a group, research analysts forecast that MYT Netherlands Parent B.V. will post -0.12 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Luxor Capital Group LP boosted its position in 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 valued at $1,751,000 after buying an additional 223,013 shares during the period. Portolan Capital Management LLC boosted its holdings in 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 valued at $6,880,000 after acquiring an additional 422,942 shares during the period. Finally, Avalon Global Asset Management LLC grew its position in MYT Netherlands Parent B.V. by 14.8% during the 2nd 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 last quarter. 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.