MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Down – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares gapped down prior to trading on Friday . The stock had previously closed at $9.27, but opened at $9.06. MYT Netherlands Parent B.V. shares last traded at $9.12, with a volume of 15,032 shares.

MYT Netherlands Parent B.V. Trading Up 2.2 %

The firm has a market cap of $808.02 million, a price-to-earnings ratio of -21.06 and a beta of 0.97. The business’s 50 day moving average price is $7.29 and its 200-day moving average price is $5.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95.

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

A number of institutional investors have recently made changes to their positions in the company. Luxor Capital Group LP boosted its holdings in 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 purchasing an additional 202,379 shares during the period. Portolan Capital Management LLC boosted its holdings in shares of MYT Netherlands Parent B.V. by 30.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after buying an additional 422,942 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $4,225,000. 10.07% of the stock is currently owned by 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.