MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Gap Up – Here’s Why

MYT Netherlands Parent B.V. (NYSE:MYTE) gapped up prior to trading on Tuesday . The stock had previously closed at $9.39, but opened at $9.92. MYT Netherlands Parent B.V. shares last traded at $10.43, with a volume of 80,983 shares trading hands.

MYT Netherlands Parent B.V. Price Performance

The company’s fifty day simple moving average is $7.10 and its two-hundred day simple moving average is $5.60. The stock has a market capitalization of $877.43 million, a PE ratio of -23.09 and a beta of 0.97. 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.

Several hedge funds have recently modified their holdings of MYTE. Luxor Capital Group LP increased its holdings in shares of 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 worth $1,207,000 after buying an additional 202,379 shares during the last quarter. Portolan Capital Management LLC grew its position 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 worth $6,880,000 after acquiring an additional 422,942 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $4,225,000. 10.07% of the stock is owned by institutional investors and hedge funds.

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.