MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 458,850 shares were traded during trading, a decline of 40% from the previous session's volume of 770,730 shares.The stock last traded at $70.36 and had previously closed at $67.24.
Wall Street Analysts Forecast Growth
MMYT has been the subject of several research analyst reports. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, January 24th. Macquarie cut MakeMyTrip from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $50.00 to $60.00 in a research report on Wednesday, February 21st.
View Our Latest Stock Report on MMYT
MakeMyTrip Price Performance
The firm has a market capitalization of $7.39 billion, a P/E ratio of 151.33 and a beta of 1.23. The firm has a 50 day moving average price of $62.52 and a 200-day moving average price of $50.05. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The business had revenue of $214.22 million during the quarter, compared to analyst estimates of $210.01 million. On average, analysts expect that MakeMyTrip Limited will post 0.84 earnings per share for the current year.
Institutional Investors Weigh In On MakeMyTrip
Institutional investors and hedge funds have recently modified their holdings of the business. Artisan Partners Limited Partnership purchased a new position in MakeMyTrip during the 3rd quarter worth $84,983,000. FMR LLC increased its holdings in MakeMyTrip by 378.4% during the 3rd quarter. FMR LLC now owns 2,620,190 shares of the technology company's stock worth $106,170,000 after purchasing an additional 2,072,504 shares during the period. Invesco Ltd. increased its holdings in MakeMyTrip by 5,372.8% during the 3rd quarter. Invesco Ltd. now owns 974,489 shares of the technology company's stock worth $39,486,000 after purchasing an additional 956,683 shares during the period. Schroder Investment Management Group increased its holdings in MakeMyTrip by 39.2% during the 4th quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company's stock worth $122,520,000 after purchasing an additional 734,336 shares during the period. Finally, American Century Companies Inc. purchased a new position in MakeMyTrip during the 3rd quarter worth $22,602,000. 51.89% of the stock is owned by institutional investors.
About MakeMyTrip
(
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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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