MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $100.63 and last traded at $104.82, with a volume of 791746 shares changing hands. The stock had previously closed at $105.25.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.
Get Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Stock Up 4.6 %
The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 61.14, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The company has a 50-day moving average of $98.33 and a 200-day moving average of $105.14.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new position in shares of MakeMyTrip in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC raised its position in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares during the last quarter. Parallel Advisors LLC lifted its stake in MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after acquiring an additional 477 shares during the period. Signaturefd LLC purchased a new stake in shares of MakeMyTrip in the 4th quarter valued at $74,000. Finally, Gen Wealth Partners Inc increased its stake in shares of MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.
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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