MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 3.4% – Time to Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) rose 3.4% during mid-day trading on Thursday . The company traded as high as $8.0350 and last traded at $7.97. Approximately 326,646 shares were traded 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. Trading Up 3.4%

The company has a market capitalization of $683.02 million, a P/E ratio of -18.53 and a beta of 1.08. 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 business has a fifty day moving average of $7.82 and a 200-day moving average of $8.22.

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. Bank of America Corp DE boosted its position in 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 buying an additional 4,119 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of MYT Netherlands Parent B.V. in the second quarter worth $89,000. Militia Capital Partners LP bought a new stake in shares of MYT Netherlands Parent B.V. in the second quarter worth approximately $279,000. Osaic Holdings Inc. raised its stake in MYT Netherlands Parent B.V. by 33.5% during the 2nd quarter. Osaic Holdings Inc. now owns 67,651 shares of the company’s stock valued at $537,000 after buying an additional 16,987 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake 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 during the period. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.