MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 1.6% – Here’s What Happened

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price was up 1.6% during mid-day trading on Thursday . The stock traded as high as $8.51 and last traded at $8.45. Approximately 566,235 shares changed hands during trading, an increase of 145% from the average daily volume of 230,894 shares. The stock had previously closed at $8.32.

MYT Netherlands Parent B.V. Trading Up 1.6%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The company has a fifty day moving average of $8.53 and a 200-day moving average of $8.27. The firm has a market capitalization of $724.16 million, a PE ratio of -19.65 and a beta of 1.08.

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

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $546,000. Cubist Systematic Strategies LLC grew its position in shares of MYT Netherlands Parent B.V. by 93.4% in the first quarter. Cubist Systematic Strategies LLC now owns 55,481 shares of the company’s stock valued at $419,000 after purchasing an additional 26,789 shares during the last quarter. Bosun Asset Management LLC acquired a new stake in MYT Netherlands Parent B.V. during the first quarter worth about $207,000. Two Sigma Investments LP acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $157,000. Finally, GAMMA Investing LLC acquired a new stake in MYT Netherlands Parent B.V. during the first quarter worth about $47,000. 10.07% of the stock is owned by institutional investors and hedge funds.

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.