MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Unusually-High Trading Volume – Should You Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) saw an uptick in trading volume on Monday . 40,062 shares traded hands during trading, a decline of 11% from the previous session’s volume of 45,017 shares.The stock last traded at $7.66 and had previously closed at $7.24.

MYT Netherlands Parent B.V. Stock Down 2.0 %

The company’s fifty day simple moving average is $6.78 and its 200 day simple moving average is $5.40. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $637.79 million, a P/E ratio of -16.62 and a beta of 0.97.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avalon Global Asset Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock worth $3,570,000 after acquiring an additional 90,000 shares during the last quarter. Luxor Capital Group LP increased its stake in MYT Netherlands Parent B.V. by 591.8% during 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. Finally, Portolan Capital Management LLC increased its stake in MYT Netherlands Parent B.V. by 30.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after purchasing an additional 422,942 shares in the last quarter. 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.