MYT Netherlands Parent B.V. (NYSE:MYTE) Sets New 12-Month Low at $6.11

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) hit a new 52-week low during trading on Monday . The company traded as low as $6.11 and last traded at $6.11, with a volume of 1452 shares trading hands. The stock had previously closed at $6.41.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their price target on MYT Netherlands Parent B.V. from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

MYT Netherlands Parent B.V. Price Performance

The company has a current ratio of 2.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $9.77 and a 200 day moving average price of $10.47. The stock has a market cap of $541.54 million, a PE ratio of -70.89 and a beta of 1.13.

Institutional Trading of MYT Netherlands Parent B.V.

A number of hedge funds and other institutional investors have recently made changes to their positions in MYTE. Advisor Group Holdings Inc. raised its stake in shares of MYT Netherlands Parent B.V. by 11.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company’s stock valued at $295,000 after purchasing an additional 2,429 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of MYT Netherlands Parent B.V. by 18.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock valued at $3,626,000 after purchasing an additional 45,369 shares during the period. Sei Investments Co. increased its stake in MYT Netherlands Parent B.V. by 2.5% in the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock worth $828,000 after acquiring an additional 1,675 shares during the last quarter. Invesco Ltd. increased its stake in MYT Netherlands Parent B.V. by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock worth $14,492,000 after acquiring an additional 3,444 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in MYT Netherlands Parent B.V. in the 1st quarter worth about $56,000. 21.84% of the stock is currently owned by institutional investors.

About MYT Netherlands Parent B.V.

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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.