MakeMyTrip (NASDAQ:MMYT) Sets New 1-Year Low - Should You Sell?

MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $100.63 and last traded at $104.82, with a volume of 791746 shares traded. The stock had previously closed at $105.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip Stock Down 0.9 %

The firm has a fifty day simple moving average of $98.73 and a 200-day simple moving average of $105.24. The company has a market capitalization of $12.32 billion, a PE ratio of 60.89, a P/E/G ratio of 6.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

Institutional Trading of MakeMyTrip

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MakeMyTrip by 9,724.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock valued at $2,364,732,000 after buying an additional 23,886,735 shares during the last quarter. Schroder Investment Management Group lifted its stake in MakeMyTrip by 3.6% in the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock valued at $462,470,000 after buying an additional 141,507 shares during the last quarter. FMR LLC boosted its holdings in shares of MakeMyTrip by 4.3% during the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock valued at $425,942,000 after acquiring an additional 158,101 shares during the period. Franklin Resources Inc. increased its holdings in shares of MakeMyTrip by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock worth $168,867,000 after acquiring an additional 13,157 shares during the period. Finally, American Century Companies Inc. lifted its position in MakeMyTrip by 17.4% in the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after purchasing an additional 188,234 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Company Profile

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.