MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Up 0.1% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE) traded up 0.1% on Tuesday . The stock traded as high as $9.75 and last traded at $9.68. 313,362 shares traded hands during trading, an increase of 36% from the average session volume of 230,894 shares. The stock had previously closed at $9.67.

MYT Netherlands Parent B.V. Stock Up 0.1%

The business has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $8.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The company has a market cap of $829.57 million, a price-to-earnings ratio of -22.51 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position 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 valued at $30,000 after purchasing an additional 4,119 shares during the last quarter. Delta Investment Management LLC purchased a new stake in shares of MYT Netherlands Parent B.V. during the 3rd quarter worth $82,000. The Manufacturers Life Insurance Company acquired a new position in shares of MYT Netherlands Parent B.V. during the second quarter worth $89,000. Americana Partners LLC purchased a new position in MYT Netherlands Parent B.V. in the third quarter valued at $100,000. Finally, Quadrature Capital Ltd increased its holdings in MYT Netherlands Parent B.V. by 38.6% in the second quarter. Quadrature Capital Ltd now owns 23,186 shares of the company’s stock valued at $184,000 after buying an additional 6,459 shares during the last quarter. Institutional investors and hedge funds 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.