MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 6.3% – What’s Next?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price dropped 6.3% during mid-day trading on Friday . The company traded as low as $10.80 and last traded at $10.86. Approximately 56,234 shares were traded during trading, a decline of 67% from the average daily volume of 169,208 shares. The stock had previously closed at $11.58.

MYT Netherlands Parent B.V. Price Performance

The company’s 50-day moving average price is $8.28 and its 200-day moving average price is $6.27. 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 firm has a market cap of $943.09 million, a price-to-earnings ratio of -24.58 and a beta of 1.01.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 8.24% and a negative net margin of 4.18%. On average, equities research analysts forecast that MYT Netherlands Parent B.V. will post -0.34 EPS for the current year.

Institutional Trading of MYT Netherlands Parent B.V.

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter worth approximately $80,000. XTX Topco Ltd acquired a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $96,000. Coronation Fund Managers Ltd. purchased a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $124,000. Walleye Capital LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $256,000. Finally, MYDA Advisors LLC purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth approximately $1,598,000. 10.07% of the stock is currently owned by hedge funds and other 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.