MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $98.23 and traded as high as $117.06. MakeMyTrip shares last traded at $114.17, with a volume of 173,066 shares.
Analyst Ratings Changes
Several equities research analysts have recently commented on MMYT shares. Bank of America boosted their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th.
View Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Price Performance
The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 63.50, a P/E/G ratio of 6.59 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The company's 50-day simple moving average is $109.07 and its 200-day simple moving average is $98.34.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $214.90 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Research analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Park Place Capital Corp purchased a new position in shares of MakeMyTrip during the third quarter valued at approximately $25,000. Advisors Asset Management Inc. boosted its holdings in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after buying an additional 225 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in MakeMyTrip by 44.1% during 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 in the last quarter. nVerses Capital LLC purchased a new stake in shares of MakeMyTrip in the second quarter worth about $143,000. Finally, D Orazio & Associates Inc. bought a new position in MakeMyTrip in the 3rd quarter valued at $210,000. 51.89% of the stock is owned by institutional investors and hedge funds.
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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