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

MYT Netherlands Parent B.V. (NYSE:MYTE) gapped up prior to trading on Tuesday . The stock had previously closed at $6.10, but opened at $6.52. MYT Netherlands Parent B.V. shares last traded at $6.83, with a volume of 18,322 shares changing hands.

MYT Netherlands Parent B.V. Stock Performance

The company’s 50-day moving average price is $5.70 and its two-hundred day moving average price is $4.92. The company has a market cap of $542.32 million, a P/E ratio of -20.33 and a beta of 0.98. The company has a current ratio of 2.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.09.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.11). The company had revenue of $240.24 million during the quarter, compared to the consensus estimate of $248.12 million. MYT Netherlands Parent B.V. had a negative net margin of 2.84% and a negative return on equity of 5.43%. During the same period in the prior year, the company posted ($0.07) EPS.

Institutional Trading of MYT Netherlands Parent B.V.

Hedge funds have recently bought and sold shares of the company. Sylebra Capital LLC raised its position in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock valued at $12,387,000 after buying an additional 41,914 shares during the period. Avalon Global Asset Management LLC grew its position in MYT Netherlands Parent B.V. by 14.8% during the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 90,000 shares in the last quarter. Luxor Capital Group LP increased its stake in shares of 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 acquiring an additional 202,379 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings 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 worth $6,880,000 after acquiring an additional 422,942 shares in the last quarter. 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.