MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 4.4% – Should You Sell?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) fell 4.4% on Monday . The stock traded as low as $7.13 and last traded at $7.18. 39,188 shares changed hands during trading, a decline of 73% from the average session volume of 143,232 shares. The stock had previously closed at $7.51.

MYT Netherlands Parent B.V. Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.33 and a current ratio of 2.04. The company has a market cap of $602.67 million, a P/E ratio of -22.76 and a beta of 1.12. The firm has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $4.65.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.11). The business had revenue of $240.24 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned ($0.07) EPS.

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

Several institutional investors and hedge funds have recently bought and sold shares of MYTE. SageView Advisory Group LLC bought a new stake in shares of MYT Netherlands Parent B.V. in the 1st quarter worth approximately $47,000. Luxor Capital Group LP boosted its position in shares of MYT Netherlands Parent B.V. by 591.8% during the second 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 boosted its position in shares of 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. Finally, Sylebra Capital LLC boosted its position in shares of 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 purchasing an additional 41,914 shares in the last quarter. 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.