MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 1.6% – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price fell 1.6% during mid-day trading on Thursday . The company traded as low as $8.06 and last traded at $8.07. Approximately 110,180 shares changed hands during trading, a decline of 36% from the average session volume of 172,407 shares. The stock had previously closed at $8.20.

MYT Netherlands Parent B.V. Stock Down 1.6%

The stock has a market capitalization of $691.59 million, a P/E ratio of -18.77 and a beta of 1.08. The firm’s fifty day moving average is $7.54 and its 200-day moving average is $8.23. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of MYT Netherlands Parent B.V. by 9,153.3% in the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $30,000 after acquiring an additional 4,119 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in MYT Netherlands Parent B.V. during the 2nd quarter valued at $89,000. Militia Capital Partners LP bought a new position in MYT Netherlands Parent B.V. in the 2nd quarter valued at $279,000. Osaic Holdings Inc. raised its position in MYT Netherlands Parent B.V. by 33.5% in the 2nd quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock valued at $537,000 after purchasing an additional 16,987 shares during the last quarter. Finally, Royal Bank of Canada raised its position in MYT Netherlands Parent B.V. by 49,861.8% in the 1st quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock valued at $623,000 after purchasing an additional 82,272 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.