MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Up 1%

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report)'s stock price rose 1% during trading on Tuesday . The company traded as high as $5.00 and last traded at $4.89. Approximately 40,413 shares changed hands during trading, a decline of 35% from the average daily volume of 61,861 shares. The stock had previously closed at $4.84.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price target on MYT Netherlands Parent B.V. from $5.00 to $4.75 and set a "buy" rating for the company in a report on Friday, February 16th.

MYT Netherlands Parent B.V. Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.25 and a current ratio of 2.02. The company's fifty day moving average price is $3.89 and its 200 day moving average price is $3.36. The firm has a market capitalization of $411.40 million, a price-to-earnings ratio of -13.83 and a beta of 0.99.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $212.16 million during the quarter, compared to the consensus estimate of $228.00 million. MYT Netherlands Parent B.V. had a negative return on equity of 6.30% and a negative net margin of 3.58%. Equities research analysts expect that MYT Netherlands Parent B.V. will post -0.16 earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of the company. Avalon Global Asset Management LLC boosted its position in shares of MYT Netherlands Parent B.V. by 8.5% during the third quarter. Avalon Global Asset Management LLC now owns 637,000 shares of the company's stock worth $2,166,000 after buying an additional 50,000 shares during the period. Alta Fox Capital Management LLC bought a new position in shares of MYT Netherlands Parent B.V. in the third quarter worth $1,734,000. Sylebra Capital LLC bought a new position in shares of MYT Netherlands Parent B.V. in the third quarter worth $12,982,000. Vontobel Holding Ltd. increased its holdings in shares of MYT Netherlands Parent B.V. by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company's stock valued at $559,000 after purchasing an additional 20,410 shares during the period. Finally, CastleKnight Management LP raised its stake in shares of MYT Netherlands Parent B.V. by 71.5% during the fourth quarter. CastleKnight Management LP now owns 213,172 shares of the company's stock valued at $680,000 after purchasing an additional 88,872 shares in the last quarter. 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.