MYT Netherlands Parent B.V. (NYSE:MYTE) Hits New 52-Week High – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE) reached a new 52-week high on Monday . The stock traded as high as $6.99 and last traded at $6.77, with a volume of 10397648 shares traded. The stock had previously closed at $4.31.

MYT Netherlands Parent B.V. Price Performance

The stock has a market cap of $636.67 million, a PE ratio of -22.70 and a beta of 1.12. The business has a fifty day simple moving average of $3.93 and a two-hundred day simple moving average of $4.29. The company has a current ratio of 2.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.09.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its earnings results on Thursday, September 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). The business had revenue of $240.24 million for the quarter, compared to the consensus estimate of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. During the same quarter last year, the firm posted ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

Several institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP grew its holdings in shares of MYT Netherlands Parent B.V. by 591.8% in the second quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock worth $1,207,000 after acquiring an additional 202,379 shares during the period. Avalon Global Asset Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 14.8% during the 2nd quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 90,000 shares during the period. Sylebra Capital LLC grew its stake in shares of MYT Netherlands Parent B.V. by 1.1% during the 1st quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock valued at $12,387,000 after purchasing an additional 41,914 shares during the period. Finally, SageView Advisory Group LLC purchased a new stake in shares of MYT Netherlands Parent B.V. during the 1st quarter valued at about $47,000. 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.