MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Up 6% - Still a Buy?

Key Points

• MYT Netherlands Parent B.V. (NYSE:MYTE) saw its stock price increase by 6%, reaching a trading high of $9.25 during mid-day trading.
• Institutional investors are actively involved, with notable increases in holdings, such as Cubist Systematic Strategies raising its stake by 93.4% recently.
• The company operates a luxury e-commerce platform for fashion consumers, offering a wide range of products through its subsidiary, Mytheresa Group GmbH.

MYT Netherlands Parent B.V. (NYSE:MYTE - ) rose 6% during mid-day trading on Friday . The company traded as high as $9.25 and last traded at $9.22. Approximately 359,449 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 230,894 shares. The stock had previously closed at $8.70.

MYT Netherlands Parent B.V. Trading Up 6.0%

The business's fifty day moving average is $8.62 and its 200-day moving average is $8.34. The firm has a market cap of $790.14 million, a P/E ratio of -21.44 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its holdings in MYT Netherlands Parent B.V. by 93.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 55,481 shares of the company's stock valued at $419,000 after buying an additional 26,789 shares during the last quarter. Bosun Asset Management LLC bought a new position in MYT Netherlands Parent B.V. during the 1st quarter worth approximately $207,000. Trexquant Investment LP bought a new position in MYT Netherlands Parent B.V. during the 1st quarter worth approximately $169,000. Invesco Ltd. raised its holdings in MYT Netherlands Parent B.V. by 6.8% during the 1st quarter. Invesco Ltd. now owns 893,144 shares of the company's stock worth $6,752,000 after purchasing an additional 56,657 shares during the last quarter. Finally, Zazove Associates LLC bought a new position in MYT Netherlands Parent B.V. during the 1st quarter worth approximately $985,000. Institutional investors own 10.07% of the company's stock.

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.

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