MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 3.4% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE) shares shot up 3.4% during trading on Thursday . The company traded as high as $8.0350 and last traded at $7.97. 326,646 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 172,407 shares. The stock had previously closed at $7.71.

MYT Netherlands Parent B.V. Stock Performance

The company has a fifty day moving average price of $7.83 and a two-hundred day moving average price of $8.22. The firm has a market cap of $654.74 million, a price-to-earnings ratio of -17.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

A number of institutional investors and hedge funds have recently bought and sold shares of MYTE. Cannell Capital LLC acquired a new position in shares of MYT Netherlands Parent B.V. in the 2nd quarter worth approximately $3,243,000. Royal Bank of Canada raised its holdings in shares of 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 worth $623,000 after purchasing an additional 82,272 shares in the last quarter. Monimus Capital Management LP lifted its stake in MYT Netherlands Parent B.V. by 174.3% during the second quarter. Monimus Capital Management LP now owns 124,147 shares of the company’s stock valued at $986,000 after purchasing an additional 78,888 shares during the last quarter. Militia Capital Partners LP acquired a new stake in MYT Netherlands Parent B.V. during the second quarter valued at approximately $279,000. Finally, Boothbay Fund Management LLC lifted its stake in MYT Netherlands Parent B.V. by 22.6% during the second quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock valued at $1,270,000 after purchasing an additional 29,500 shares during the last quarter. 10.07% of the stock is owned by institutional investors and hedge funds.

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.