MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) was up 3.4% on Monday . The company traded as high as $103.60 and last traded at $101.20. Approximately 215,137 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 792,454 shares. The stock had previously closed at $97.87.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Bank of America increased their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.
Check Out Our Latest Research Report on MakeMyTrip
MakeMyTrip Trading Up 1.7 %
The business's 50 day simple moving average is $108.64 and its 200-day simple moving average is $105.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market capitalization of $10.42 billion, a P/E ratio of 51.56, a PEG ratio of 6.56 and a beta of 1.29.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. As a group, analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.
Hedge Funds Weigh In On MakeMyTrip
Several institutional investors have recently modified their holdings of the stock. Rheos Capital Works Inc. boosted its stake in MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after acquiring an additional 95,000 shares during the last quarter. Natixis Advisors LLC acquired a new stake in MakeMyTrip in the third quarter worth $1,219,000. Citigroup Inc. boosted its position in shares of MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after purchasing an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of MakeMyTrip in the 3rd quarter valued at $1,134,000. Finally, GSA Capital Partners LLP bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at $674,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.
MakeMyTrip Company Profile
(
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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