MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 1.6% – Time to Sell?

MYT Netherlands Parent B.V. (NYSE:MYTE) shares fell 1.6% during trading on Thursday . The company traded as low as $8.06 and last traded at $8.07. 110,180 shares were traded during trading, a decline of 36% from the average daily volume of 172,407 shares. The stock had previously closed at $8.20.

MYT Netherlands Parent B.V. Stock Down 1.4%

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 has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $8.23. The stock has a market cap of $682.16 million, a PE ratio of -18.51 and a beta of 1.08.

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in MYT Netherlands Parent B.V. by 9,153.3% during the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $30,000 after acquiring an additional 4,119 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of MYT Netherlands Parent B.V. by 49,861.8% in the 1st quarter. Royal Bank of Canada now owns 82,437 shares of the company’s stock valued at $623,000 after purchasing an additional 82,272 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of MYT Netherlands Parent B.V. in the 2nd quarter valued at $89,000. Boothbay Fund Management LLC grew its holdings in shares of MYT Netherlands Parent B.V. by 22.6% in the 2nd quarter. Boothbay Fund Management LLC now owns 160,000 shares of the company’s stock worth $1,270,000 after purchasing an additional 29,500 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in shares of MYT Netherlands Parent B.V. in the 2nd quarter worth about $279,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.