MYT Netherlands Parent B.V. (NYSE:MYTE) Sees Strong Trading Volume – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE) saw unusually-strong trading volume on Thursday . Approximately 45,559 shares were traded during trading, a decline of 22% from the previous session’s volume of 58,625 shares.The stock last traded at $7.77 and had previously closed at $7.62.

MYT Netherlands Parent B.V. Trading Up 7.6 %

The stock has a market capitalization of $699.21 million, a PE ratio of -18.22 and a beta of 0.97. The firm has a 50-day moving average price of $6.90 and a 200-day moving average price of $5.49. The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avalon Global Asset Management LLC grew its stake 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 acquiring an additional 90,000 shares during the period. Luxor Capital Group LP grew its stake 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 acquiring an additional 202,379 shares during the period. Finally, Portolan Capital Management LLC grew its stake in shares of 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 worth $6,880,000 after acquiring an additional 422,942 shares during the period. Institutional investors own 10.07% of the company’s stock.

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.