MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 3.5% - What's Next?

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) shares dropped 3.5% during trading on Monday . The company traded as low as $7.95 and last traded at $7.95. Approximately 11,404 shares changed hands during trading, a decline of 95% from the average daily volume of 208,201 shares. The stock had previously closed at $8.24.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and increased their target price for the company from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Stock Down 4.8 %

The stock has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $8.03. The firm has a market cap of $672.31 million, a PE ratio of -18.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. Sell-side analysts predict that MYT Netherlands Parent B.V. will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

Several institutional investors have recently bought and sold shares of the company. DJE Kapital AG purchased a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at $15,667,000. Woodson Capital Management LP acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter valued at $11,906,000. Capricorn Fund Managers Ltd purchased a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth about $4,225,000. CastleKnight Management LP boosted its position in shares of MYT Netherlands Parent B.V. by 286.8% during the 4th quarter. CastleKnight Management LP now owns 652,141 shares of the company's stock worth $4,630,000 after acquiring an additional 483,541 shares in the last quarter. Finally, MYDA Advisors LLC acquired a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $1,598,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.