MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 5% – What’s Next?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) shot up 5% during trading on Thursday . The stock traded as high as $7.88 and last traded at $7.81. 80,270 shares were traded during trading, a decline of 65% from the average session volume of 226,594 shares. The stock had previously closed at $7.44.

MYT Netherlands Parent B.V. Trading Up 5.0%

The company has a market cap of $669.31 million, a price-to-earnings ratio of -18.16 and a beta of 1.08. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $8.54 and its 200 day moving average price is $8.65.

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

Several large investors have recently bought and sold shares of the stock. Woodson Capital Management LP purchased a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter worth about $11,906,000. CastleKnight Management LP raised its stake in MYT Netherlands Parent B.V. by 286.8% in the 4th quarter. CastleKnight Management LP now owns 652,141 shares of the company’s stock valued at $4,630,000 after acquiring an additional 483,541 shares during the period. MYDA Advisors LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at about $1,598,000. Zazove Associates LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the first quarter valued at about $985,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at about $729,000. 10.07% of the stock is currently owned by 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.