MYT Netherlands Parent Stock Jumps 16% On Strong Sales Growth

(RTTNews) - MYT Netherlands Parent B.V. (MYTE) is up 16.23 percent, rising $1.62 to $11.62. The stock's surge follows the company's strong second-quarter earnings report, which showed a 13.4 percent year-over-year increase in net sales to 223.0 million euros from 196.6 million euros.

MYTE is currently trading at $11.62, up from the previous close of $10.00. The stock has ranged between $10.80 and $11.98 in today's session. Trading volume has reached 258,653 shares, surpassing the average volume of 163,261.

The stock is trading at the upper end of its 52-week range of $2.58 to $11.98, as investors respond positively to the company's continued revenue growth and margin expansion.