MYT Netherlands Parent B.V. (NYSE:MYTE) Sets New 1-Year Low at $6.11

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $6.11 and last traded at $6.11, with a volume of 1452 shares. The stock had previously closed at $6.41.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their price objective on MYT Netherlands Parent B.V. from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.14.

MYT Netherlands Parent B.V. Price Performance

The company has a market capitalization of $541.54 million, a PE ratio of -70.89 and a beta of 1.13. The firm has a fifty day moving average of $9.77 and a two-hundred day moving average of $10.47. The company has a current ratio of 2.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09.

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

Several institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its holdings in MYT Netherlands Parent B.V. by 2.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 42,270 shares of the company’s stock worth $482,000 after buying an additional 1,015 shares during the period. UBS Group AG lifted its holdings in MYT Netherlands Parent B.V. by 12.7% in the 4th quarter. UBS Group AG now owns 9,643 shares of the company’s stock worth $86,000 after buying an additional 1,088 shares during the period. Sei Investments Co. lifted its holdings in MYT Netherlands Parent B.V. by 2.5% in the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock worth $828,000 after buying an additional 1,675 shares during the period. Advisor Group Holdings Inc. lifted its holdings in MYT Netherlands Parent B.V. by 11.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company’s stock worth $295,000 after buying an additional 2,429 shares during the period. Finally, Trexquant Investment LP lifted its holdings in MYT Netherlands Parent B.V. by 24.4% in the 3rd quarter. Trexquant Investment LP now owns 12,965 shares of the company’s stock worth $149,000 after buying an additional 2,545 shares during the period. 21.84% of the stock is currently owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Company Profile

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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.