MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 4.3% – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) fell 4.3% during mid-day trading on Thursday . The stock traded as low as $6.86 and last traded at $6.92. 139,057 shares traded hands during trading, a decline of 3% from the average session volume of 143,161 shares. The stock had previously closed at $7.23.

MYT Netherlands Parent B.V. Stock Down 2.9 %

The company has a current ratio of 2.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $5.82 and its 200 day simple moving average is $4.95.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.17%. The company had revenue of $240.24 million for the quarter, compared to analyst estimates of $248.12 million. During the same quarter in the previous year, the company posted ($0.07) EPS.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several institutional investors and hedge funds have recently modified their holdings of MYTE. Luxor Capital Group LP lifted its holdings in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after purchasing an additional 202,379 shares in the last quarter. Avalon Global Asset Management LLC grew its holdings 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 worth $3,570,000 after purchasing an additional 90,000 shares during the period. Portolan Capital Management LLC increased its position in shares of MYT Netherlands Parent B.V. by 30.6% during the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after acquiring an additional 422,942 shares during the last quarter. Finally, Sylebra Capital LLC raised its position in MYT Netherlands Parent B.V. by 1.1% in the first 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. Hedge funds and other institutional investors 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.