Shares of MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) dropped 3.7% during trading on Tuesday . The company traded as low as $113.31 and last traded at $113.57. Approximately 36,222 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 315,375 shares. The stock had previously closed at $117.99.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Bank of America lifted their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, December 27th.
View Our Latest Stock Report on MakeMyTrip
MakeMyTrip Price Performance
The stock has a 50 day simple moving average of $111.09 and a 200-day simple moving average of $100.47. The firm has a market cap of $12.39 billion, a PE ratio of 61.69, a price-to-earnings-growth ratio of 6.59 and a beta of 1.29. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period in the previous year, the firm posted $0.18 EPS. Equities analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Park Place Capital Corp purchased a new stake in MakeMyTrip in the third quarter worth about $25,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after purchasing an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock worth $65,000 after purchasing an additional 236 shares during the period. D Orazio & Associates Inc. bought a new position in shares of MakeMyTrip during the third quarter valued at approximately $210,000. Finally, Ground Swell Capital LLC purchased a new position in MakeMyTrip during the third quarter valued at approximately $232,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
About MakeMyTrip
(
Get Free Report)
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
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