MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 2.6% – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares fell 2.6% during mid-day trading on Wednesday . The stock traded as low as $7.87 and last traded at $8.06. 15,361 shares traded hands during trading, a decline of 92% from the average session volume of 193,059 shares. The stock had previously closed at $8.27.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Stock Down 0.4 %

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 business’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $7.37. The stock has a market capitalization of $682.21 million, a PE ratio of -18.61 and a beta of 0.96.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 5.88% and a negative net margin of 3.98%. On average, equities research analysts forecast that MYT Netherlands Parent B.V. will post -0.39 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC increased its stake in shares of MYT Netherlands Parent B.V. by 1.1% in the fourth quarter. Sylebra Capital LLC now owns 3,937,022 shares of the company’s stock worth $27,953,000 after acquiring an additional 41,624 shares during the period. Woodson Capital Management LP purchased a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at $11,906,000. Two Sigma Investments LP acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth about $157,000. Millennium Management LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $546,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $204,000. 10.07% of the stock is owned by hedge funds and other 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.