MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Down 0.9% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price was down 0.9% during mid-day trading on Wednesday . The company traded as low as $7.2450 and last traded at $7.43. Approximately 114,677 shares were traded during trading, a decline of 33% from the average session volume of 172,407 shares. The stock had previously closed at $7.50.

MYT Netherlands Parent B.V. Stock Down 0.9%

The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The stock has a market cap of $636.74 million, a P/E ratio of -17.28 and a beta of 1.08. The company’s 50 day moving average price is $7.81 and its two-hundred day moving average price is $8.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MYTE. Bank of America Corp DE grew its position in shares of MYT Netherlands Parent B.V. by 9,153.3% during the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock valued at $30,000 after acquiring an additional 4,119 shares during the period. The Manufacturers Life Insurance Company bought a new stake in MYT Netherlands Parent B.V. during the second quarter valued at about $89,000. Militia Capital Partners LP purchased a new stake in MYT Netherlands Parent B.V. in the second quarter worth about $279,000. Osaic Holdings Inc. increased its position in MYT Netherlands Parent B.V. by 33.5% in the second quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock worth $537,000 after buying an additional 16,987 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of MYT Netherlands Parent B.V. by 49,861.8% in the first quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock worth $623,000 after buying an additional 82,272 shares during the period. Hedge funds and other 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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.